Alameda service center just purchased an automobile hoist

Assignment Help Accounting Basics
Reference no: EM13594188

Alameda Service Center just purchased an automobile hoist for $14,160. The hoist has a 6-year life and an estimated salvage value of $1,125. Installation costs were $3,010, and freight charges were $800. 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 4 extra mufflers per week. Each muffler sells for $86 installed. The cost of a muffler is $24, and the labor cost to install a muffler is $11.

a) Compute the payback period for the new hoist in years.

b) Compute the annual rate of return for the new hoist in a percentage.

Reference no: EM13594188

Questions Cloud

An 82 ohms resistor has a current of 073 a and is connected : question an 82 ohms resistor has a current of 0.73 a and is connected in series with a 140 ohms resistor. what is the
Pablo management has six part-time employees each of whom : pablo management has six part-time employees each of whom earns 220 per day. they are normally paid on fridays for work
A portable cd player operates with a current of 27ma at a : question a portable cd player operates with a current of 27ma at a potential difference of 4.2 v. what is the power
The first order rate constant at a given high temperature : sulfuyl chloride spontaneously decomposes at high temperatures according to the equationso2cl2 g ? so2 g cl2 g the
Alameda service center just purchased an automobile hoist : alameda service center just purchased an automobile hoist for 14160. the hoist has a 6-year life and an estimated
A current of 083 a flows through a copper wire 050 mm in : question a current of 0.83 a flows through a copper wire 0.50 mm in diameter when it is connected to a potential
At december 31 2012 redmond company has outstanding three : at december 31 2012 redmond company has outstanding three long-term debt issues. the first is a 2033500 note payable
Forty-two 420 grams of nitrogen gas at 298 k and 745 torr : forty-two 42.0 grams of nitrogen gas at 298 k and 745 torr has a volume of 37.42 l. what volume will it occupy if the
What is the minimum number of 70 ohms resistors that must : question what is the minimum number of 70 ohms resistors that must be connected in parallel to produce an equivalent

Reviews

Write a Review

Accounting Basics Questions & Answers

  New price of a share after a stock split

Rooney Inc. recently completed a 3-for-2 stock split. Prior to the split, its stock price was $90 per share. The firm's total market value was unchanged by the split.

  How much may the employer deduct for these expenses

Carl, an employee of a Miami CPA firm, was sent to work in Tampa for eight months on March 1, year 1, on a financial audit. His monthly transportation expenses were $400, his monthly lodging was $1,200, and his meals were $800 per month.

  Company diluted earnings per share

Net income for the year ended December 31,2008, was $6,000. Assuming an income tax rate of 50 percent what would be the company's diluted earnings per share for the year ended December 31, 2008?

  What is the rate of return on common stockholders equity

What is the rate of return on common stockholders' equity if sales are $100,000, net income is $22,700, and average common stockholders' equity is $86,000?

  Blanchard company manufactures a single product that sells

blanchard company manufactures a single product that sells for 120 per unit and whose total variable costs are 90 per

  Capriati corporation commenced operations in early 2012 the

capriati corporation commenced operations in early 2012. the corporation incurred 60710 of costs such as fees to

  Assuming that the company uses the perpetual inventory

assuming that the company uses the perpetual inventory system determine the cost of merchandise sold for the sale of

  Interest rate compounded annually problem

You want to buy a new car 5 years from now for N$300 000. Assuming a 6% interest rate compounded annually, how much should you invest today to yield N$300,000 in 5 years?

  What are the arguments for and against the alternatives

The parent company's share of the fair value of the net assets of a subsidiary may exceed acquisition cost. How must this excess be treated in the preparation of the consolidated financial statements? What is the reasoning that supports this treat..

  Black tool company has a production capacity of 1500 units

1.dougherty company employs 20 individuals. eight employees are paid 12 per hour and the rest are salaried employees

  Clay mix in beginning inventory

Clay mix costs $0.40 per pound and employees of the company are paid $12.00 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Lester has 2,600 pounds of clay mix in beginning inventory and wants to have 3,000 pou..

  Buckhorn corporation bases its predetermined overhead rate

buckhorn corporation bases its predetermined overhead rate on the estimated machine hours for the upcoming year. data

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