Alameda service center just purchased an automobile hoist

Assignment Help Accounting Basics
Reference no: EM13591414

Alameda Service center just purchased an automobile hoist for $ 14000. The hoist has a 6 year lifeand an estimated salvage value of $1481. Installation costs were $3020, and freight charges were $830 Alameda uses straight-line depreciation.

The new hoist will be used to replace mufflers and tires on automobiles. Alameda estimates that the new hoist will enable his mechanics to replace 5 extra mufflers per week. each muffler sells for $83 instaleed. The cost of a muffler is $23 and the labor to install a muffler is $14.

(a) compute the payback period for the new hoist.

Payback periodyears

B) compute the annual rate of return for the new hoist.

Reference no: EM13591414

Questions Cloud

Select three ratios one from each category - liquidity : 1.select three ratios one from each category - liquidity profitability and solvency - you think are the most
A companys sales are 50 in cah and 50 on credit 70 of the : a companys sales are 50 in cah and 50 on credit. 70 of the credit sales are colected in the month of the sale 20 in the
Risk affects all long term projects the longer the lead : risk affects all long term projects. the longer the lead time on a project the greater the risk. the price of a barrel
Science knowledge grows on the basis of either human : science knowledge grows on the basis of either human curiosity or human need. explain this statement with the help of
Alameda service center just purchased an automobile hoist : alameda service center just purchased an automobile hoist for 14000. the hoist has a 6 year lifeand an estimated
Kenneth washingtons weekly gross earnings for the week : kenneth washingtons weekly gross earnings for the week ending december 18 were 1230 and his federal income tax
Hands up uses the straight-line method for depreciation of : a company called hands up located in texas manufactures latex gloves used in the medical industry. hands up purchased a
An employee earns 40 per hour and 15 times that rate for : an employee earns 40 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. assume that the
What is the journal entry to record income taxes income : lyons company deducts depreciation expense of 150000 for tax purposes in 2010 but the expense is not yet recognized for

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the net present value npv of this equipment if

betty derose manufacturing vice-president of atlantic industries has been anxious for some time to purchase a piece of

  Available-for-sale and held-to-maturity debt securities

available-for-sale and held-to-maturity debt securities entries the following information relates to the debt

  Assign total costs in the assembly department to a units

sue electronics makes cd players in three processes assembly programming and packaging. direct materials are added at

  Process further sales value of processed product

Determine whether each of the joint products should be sold as is, or processed further

  An accountant hid his theft of 200 from the companys bank

internal control procedures as an auditor you have discovered the following problems with the accounting system control

  Chapman company obtains 100 percent of abernethy companys

chapman company obtains 100 percent of abernethy companys stock on january 1 2009. as of that date abernethy has the

  Amount of negotiable securities

When the client holds a large amount of negotiable securities, auditors need to plan to guard against

  Activity-based costing is one of the most accurate methods

activity-based costing is one of the most accurate methods that can be used to allocate overhead. however it is not

  How much is the gross amount if this information is not

a. find the accounts receivable may also be called trade receivables for wal-mart. how much is the net amount? this is

  Entry for the dividend declaration

Prepare the entry for the dividend declaration, separating the dividend into the common and preferred portions.

  Use the information to identify accounts

Use the three divisional income statements in the Pinnacle_Financials Excel file on the Web site to prepare a common-size income statement for each of the three divisions for all three years.

  Shunda corporation wholesales parts to appliance

shunda corporation wholesales parts to appliance manufacturers. on january 1 2014 shunda corporation issued 22000000 of

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd