Compute the annual rate of return for the new hoist

Assignment Help Accounting Basics
Reference no: EM131799304

Question - Carleton Service Center just purchased an automobile hoist for $15,000. The hoist has a 5-year life and an estimated salvage value of $1,080. Installation costs were $2,900, and freight charges were $820. Carleton uses straight-line depreciation.

The new hoist will be used to replace mufflers and tires on automobiles. Carleton estimates that the new hoist will enable his mechanics to replace four extra mufflers per week. Each muffler sells for $65 installed. The cost of a muffler is $35, and the labor cost to install a muffler is $10.

Compute the payback period for the new hoist.

Compute the annual rate of return for the new hoist.

Reference no: EM131799304

Questions Cloud

Confidence interval for mean calorie : Find the 95 % confidence interval for mean calorie intake of all the male students in the school.
How will ob enhance your skills for managing teams : Now that you've read Chapter 1 and the Trader Joe's case. How will OB enhance your skills for managing individuals and teams in dynamic organizations?
Identify and describe ethical concerns related to the issue : Identify and describe ethical concerns related to the social issue. Determine what population is most impacted by the social issue.
Complete the bunges federal tax return : Complete the Bunge's federal tax return for 2015. Use Form 1040, Schedule E, and Form 3903 and form 8582 to complete their tax return
Compute the annual rate of return for the new hoist : Carleton Service Center just purchased an automobile hoist for $15,000. Compute the annual rate of return for the new hoist
Explain how will you communicate information to employees : The CEO of your company would like to revamp the retirement options offered to employees. How will you communicate information to employees?
How would proceed in infiltrating the organization : Computer hackers represent a unique, yet deviant subculture of sophisticated computer program specialists.
Prepare the general journal entries to bring companys book : Prepare the general journal entries to bring the companys book balance of cash into conformity with the reconciled balance as of june 30
Research the single-payer approach to healthcare : Research the single-payer approach to healthcare delivery .Define a single-payer system and identify a country where it is used.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Te iasc 1998 p50 stated that many developing and newly

the iasc 1998 p.50 stated that many developing and newly industrialised countries are using international accounting

  At the end of 2010 keil company reports a pretax operating

at the end of 2010 keil company reports a pretax operating loss of 80000 for both financial reporting and income tax

  Assume that the town of boonsville maintains

Assume that the Town of Boonsville maintains an Agency Fund for its employees, insurance with-holdings, another for its employees, income tax withholdings, and a third for its employees, pension contributions.

  The differences between single or multistep income

the differences between single or multistep income statements. what are the advantages and disadvantages of both the

  Suzuki supply reports the following amount at the end of

suzuki supply reports the following amount at the end of 2012 before adjustment credit sales for 2012 - 270000 accounts

  Company recorded its ending inventory

At the end of Year 1, Manny Company recorded its ending inventory at $350,000 based on a physical count.

  In the second stage processing costs are assigned to

1.dideda corporation uses an activity-based costing system with three activity cost pools. the company has provided the

  Raptor fuels produces three grades of gasoline

Raptor Fuels produces three grades of gasoline

  Marios incorporated is in the process of selecting a

marios incorporated is in the process of selecting a production machine between two alternatives. marios cost of

  Define the revenue recognition principle

Define the revenue recognition principle and explain why it is important to users of financial statements

  Approximate internal rate of return

A company has a minimum required rate of return of 8% and is considereing investing in a project that costs $68,337 and is expected to generate cash inflows of $27,000 each year for three years. The approximate internal rate of return on this proj..

  Describe the approximate range of return

If the returns of assets V and W are uncorrelated (correlation coefficient = 0), describe the approximate range of (1) return and (2) risk associated.

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