Cpm construction plans to buy a truck for 150000and sell it

Assignment Help Accounting Basics
Reference no: EM13566215

CPM Construction plans to buy a truck for $150,000and sell it for $15,000 at the end of 5 years. The annual operating cost of the vehicle is $60,000. 1)What is the equivalent annual cost of this truck, if the company uses a MARR of 12% 2) What is the present value of the truck described inproblem?

Reference no: EM13566215

Questions Cloud

Below are the adjusted accoutns of jims electrical service : below are the adjusted accoutns of jims electrical service for the month ended may 31 2013accts. payable 600accts. rec.
If the price level falls next year remaining fixed : if the price level falls next year remaining fixed thereafter and the money supply is fixed what is likely to happen
Jean kelly opened a dance school called jeans dance studio : prepare journal entries for the following transactions. if no entry is required write no entry omit explanations.mar.1.
The securitys liquidity risk premium is 25 percent and : a particular securitys equilibrium rate of return is 8 percent. for all securities the inflation risk premium is 1.75
Cpm construction plans to buy a truck for 150000and sell it : cpm construction plans to buy a truck for 150000and sell it for 15000 at the end of 5 years. the annual operating cost
From the following alphabetical list of account balances : from the following alphabetical list of account balances all of which are normal for kasper company on july 31 2010
Corporation acquired equipment for 260000 the estimated : corporation acquired equipment for 260000. the estimated life of the equipment is 5 years or 40000 hours. the estimated
Use the following accounts and information to prepare in : use the following accounts and information to prepare in good form an income statement statement of retained earnings
At a level of 24600 units sold gail corp has sales of : at a level of 24600 units sold gail corp has sales of 639600 a contribution margin ratio of 45 and a profit of 108810.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Which of the following statements regarding the public

which of the following statements about the public company accounting oversight board pcaob is not true?the pcaob was

  The bootsie holding company has sales exceeding 10 billion

the bootsie holding company has sales exceeding 10 billion and each of its three wholly-owned subsidiaries has sales

  Compute the ending inventory

Using the retail method (this method estimates lower-of-average-cost-and-market), compute the ending inventory at cost as of January 31, 2005. Make sure your answer is in good form with clearly labelled amounts.

  Finding the earnings per share

For 2010, Fielder Corporation reported net income of $30,000; net sales $400,000; and average shares outstanding of 6,000. There were no preferred stock dividends. What was the 2010 earnings per share?

  Why is it important for financial statements and other

why is it important for financial statements and other external reports to be based on generally accepted accounting

  Embody the virtue of integrity

How do you think you can embody the virtue of integrity (Kant/Rights), greatest good (Mill/Results), justice (Rawls/Relationship) and courage (MacIntyre/Virtue) into your profession, given your experiences with the lenses?

  Determine the theoretical basis for the accounting standard

on january 1 2006 lani company entered into a noncancelable lease for a machine to be used in its manufacturing

  Assets from the beginning to end of year

Chapman Inc. doubles the amount of its assets from the beginning to the end of the year. Liabilities at the end of the year amount to $40,000, and owners' equity is $20,000. What is the amount of Chapman's assets at the beginning of the year?

  Classify each cost as variable, fixed or mixed

Helena Company reports the following total costs at two levels of production. Classify each cost as variable, fixed, or mixed.

  If overall company weighted average cost of capital wacc

orporations often use different costs of capital for different operating divisions. using an example calculate the

  Total indirect manufacturing costs

Calculate the total indirect manufacturing costs for December from the information given above.

  Determining weighted average number of shares

Compute the weighted average number of shares to be used in computing earnings per share for 2007.

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