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therefore Annual equivalent
cost=$3120.68
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Question 1 0.25 pts The initial cost of a pickup truck is...
Question 1 0.1 pts The initial cost of a pickup truck is $10785 and will have...
Question 1 0.1 pts The initial cost of a pickup truck is $10785 and will have a salvage value of $3849 after five years. Maintenance is estimated to be a uniform gradient amount of $198 per year, with zero dollar for first year maintenance. The operation cost is estimated to be $0.29 per mile for 204 miles per month. If the interest rate is 12%, what is the annual equivalent cost (AEC) for the truck? Enter your answer as follow:...
You purchase a car that has an initial cost of $25,000. Property tax on the car...
You purchase a car that has an initial cost of $25,000. Property tax on the car will be $500 when you purchase the car and will decrease by 5% per year because the county estimates that the tax value will depreciate. Fuel cost in the first year is $1,050 and is estimated to increase by $125 per year because of expected increases in fuel cost. The cost to insure this car with you as the driver is estimated to be...
Economics question, show steps and be clear solve in 30 minutes for thumbs up rating A...
Economics question, show steps and be clear
solve in 30 minutes for thumbs up rating
A new oil pump costs $8,500 and has no salvage value once installed. The manufacturer's warranty will pay the 1st year maintenance and repair costs. In the 2nd year, costs will be $900, and they will increase on a $900 arithmetic gradient in subsequent years. Also operating expenses for the pump will be $500 the first year and will increase on a $200 arithmetic gradient...
please be clear in each answer, thank you Rio Bus Tours has incurred the following bus...
please be clear in each answer, thank
you
Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The real is Brazil's national monetary unit. On the day this exercise was written, the real was equivalent in value to 0.2545 U.S. dollar.) Month November December January February March April Miles Traveled by Tour Buses 13,950 16,700 19,450 23,300 30,800 12,800 Cost 17,900 real 18, 200 18,350 18,800 20,450 17,300 Required: 1. Use the high-low method...
O pts Question 2 If a solar panel system has an increasing annual maintenance cost (an...
O pts Question 2 If a solar panel system has an increasing annual maintenance cost (an arithmetic gradient) of $500 per year over an 8 year period THAT STARTS AT YEAR 4, then what is the present value based on 10% interest? To be clear: the total period is 12 years with an 8 year gradient starting in year 4. O pts Question 3 If we add an $800 uniform annual payment to the solar panel system of problem #2...
1. Compute the number of calendar days needed to complete a one-acre job using the current truck/...
1. Compute the number of calendar days needed to complete a
one-acre job using the current truck/trailer combination and the
larger truck/trailer combination. Use this result to calculate the
maximum number of jobs McCoy could accept per year using each
truck/trailer combination
Background:
Exhibit 1 ACTUAL REVENUES AND COSTS FOR THE RESORT LAND-CLEARING JOB (in U.S. dollars) Per day Project Calendar days needed to complete the project Revenues Revenue per calendar day $375.00 Total revenues $2,625.00 Variable costs Transportation costs...
1) Units-of-activity Depreciation A truck acquired at a cost of $310,000 has an estimated residual value...
1) Units-of-activity Depreciation A truck acquired at a cost of $310,000 has an estimated residual value of $19,600, has an estimated useful life of 44,000 miles, and was driven 3,500 miles during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places. (a) The depreciable cost $ (b) The depreciation rate $ per mile (c) The units-of-activity depreciation for the year $ 2) Depreciation by Two Methods A Kubota tractor acquired on...
Please answer the question below, Thanks! CALATORIES BACK MENTI Wildhorse Co. purchased a delivery truck for...
Please answer the question below, Thanks!
CALATORIES BACK MENTI Wildhorse Co. purchased a delivery truck for $38,000 on January 1, 2019. The truck has an expected salvage value of $2,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 14,400 in 2019 and 12,700 in 2020. (al) Your answer is correct. Calculate depreciable cost per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Attempts: 1...
Flint Company purchased a delivery truck for $29,000 on January 1, 2020. The truck has an...
Flint Company purchased a delivery truck for $29,000 on January
1, 2020. The truck has an expected salvage value of $2,740, and is
expected to be driven 101,000 miles over its estimated useful life
of 10 years. Actual miles driven were 16,600 in 2020 and 13,100 in
2021.
Calculate depreciation expense per mile under units-of-activity
method. (Round answer to 2 decimal places, e.g.
0.50.)
Depreciation expense
$
per mile
Compute depreciation expense for 2020 and 2021 using (1) the
straight-line...
Question 1 0.25 pts This is an extra credit problem. It is optional. The Creighton family...
Question 1 0.25 pts This is an extra credit problem. It is optional. The Creighton family owns a vacation rental which generates $13,752 in income each quarter. The family outsources maintenance to another company which charges $1,140 per quarter, with the amount increasing by $14 each subsequent quarter. What is the equivalent uniform quarterly worth of the vacation rental when looked at over a 12-year planning period? Use a nominal annual interest rate of 7%, compounded quarterly to make the...
Question 1 0.1 pts The initial cost of a pickup truck is $10785 and will have a salvage value of $3849 after five years. Maintenance is estimated to be a uniform gradient amount of $198 per year, with zero dollar for first year maintenance. The operation cost is estimated to be $0.29 per mile for 204 miles per month. If the interest rate is 12%, what is the annual equivalent cost (AEC) for the truck? Enter your answer as follow:...
Economics question, show steps and be clear
solve in 30 minutes for thumbs up rating
A new oil pump costs $8,500 and has no salvage value once installed. The manufacturer's warranty will pay the 1st year maintenance and repair costs. In the 2nd year, costs will be $900, and they will increase on a $900 arithmetic gradient in subsequent years. Also operating expenses for the pump will be $500 the first year and will increase on a $200 arithmetic gradient...
please be clear in each answer, thank
you
Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The real is Brazil's national monetary unit. On the day this exercise was written, the real was equivalent in value to 0.2545 U.S. dollar.) Month November December January February March April Miles Traveled by Tour Buses 13,950 16,700 19,450 23,300 30,800 12,800 Cost 17,900 real 18, 200 18,350 18,800 20,450 17,300 Required: 1. Use the high-low method...
O pts Question 2 If a solar panel system has an increasing annual maintenance cost (an arithmetic gradient) of $500 per year over an 8 year period THAT STARTS AT YEAR 4, then what is the present value based on 10% interest? To be clear: the total period is 12 years with an 8 year gradient starting in year 4. O pts Question 3 If we add an $800 uniform annual payment to the solar panel system of problem #2...
1. Compute the number of calendar days needed to complete a
one-acre job using the current truck/trailer combination and the
larger truck/trailer combination. Use this result to calculate the
maximum number of jobs McCoy could accept per year using each
truck/trailer combination
Background:
Exhibit 1 ACTUAL REVENUES AND COSTS FOR THE RESORT LAND-CLEARING JOB (in U.S. dollars) Per day Project Calendar days needed to complete the project Revenues Revenue per calendar day $375.00 Total revenues $2,625.00 Variable costs Transportation costs...
Please answer the question below, Thanks!
CALATORIES BACK MENTI Wildhorse Co. purchased a delivery truck for $38,000 on January 1, 2019. The truck has an expected salvage value of $2,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 14,400 in 2019 and 12,700 in 2020. (al) Your answer is correct. Calculate depreciable cost per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.) Attempts: 1...
Flint Company purchased a delivery truck for $29,000 on January
1, 2020. The truck has an expected salvage value of $2,740, and is
expected to be driven 101,000 miles over its estimated useful life
of 10 years. Actual miles driven were 16,600 in 2020 and 13,100 in
2021.
Calculate depreciation expense per mile under units-of-activity
method. (Round answer to 2 decimal places, e.g.
0.50.)
Depreciation expense
$
per mile
Compute depreciation expense for 2020 and 2021 using (1) the
straight-line...
Question 1 0.25 pts This is an extra credit problem. It is optional. The Creighton family owns a vacation rental which generates $13,752 in income each quarter. The family outsources maintenance to another company which charges $1,140 per quarter, with the amount increasing by $14 each subsequent quarter. What is the equivalent uniform quarterly worth of the vacation rental when looked at over a 12-year planning period? Use a nominal annual interest rate of 7%, compounded quarterly to make the...
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