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Exercise - Dryden Service Centre just purchased an automobile hoist for $18,600. The hoist has a five-year life and an estimated salvage value of $1,400. Installation costs and freight charges were $3,900 and $900, respectively. Dryden uses straight-line depreciation.
The new hoist will be used to replace mufflers and tires on automobiles. Dryden estimates that the new hoist will enable its mechanics to replace 5 extra mufflers per week. Each muffler sells for $75, installed. The cost of a muffler is $35, and the labour cost to install a muffler is $15.
(a) Calculate the payback period for the new hoist.
(b) Calculate the annual rate of return for the new hoist (round to one decimal).
What is a steering committee and what role can they play in planning for the acquisition of new computers. What initial actions should this new committee take?
Barricades Corporation provided the following information for the year: What was the amount of direct materials used in production during the year
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motorcade company has three service departments s1 s2 and s3 and two production departments p1 and p2. the following
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