User Account

All Pages

Compute the cash payback period for the new hoist

Assignment Help Accounting Basics
Reference no: EM131565289

Question -

Legend Service Center just purchased an automobile hoist for $35,100. The hoist has an 8-year life and an estimated salvage value of $3,760. Installation costs and freight charges were $4,130 and $730, respectively. Legend uses straight-line depreciation.

The new hoist will be used to replace mufflers and tires on automobiles. Legend estimates that the new hoist will enable his mechanics to replace 6 extra mufflers per week. Each muffler sells for $71 installed. The cost of a muffler is $38, and the labor cost to install a muffler is $14.

(a) Compute the cash payback period for the new hoist.

(b) Compute the annual rate of return for the new hoist.

Reference no: EM131565289

Questions Cloud

Obsessive compulsive cleaners tend to suffering from what : obsessive compulsive cleaners tend to resemble people suffering from what
Write essay on pertaining anxiety and depression : Need help with brainstorming ideas for an essay pertaining anxiety and depression. What are some other ways
Prepare journal entries to record the preceding transactions : Hogle Company is a manufacturing firm that uses job order costing system. Prepare journal entries to record the preceding transactions
Write a report on the science of mind : Choose a Research topic from our textbook or from the New York Times' Science Section
Compute the cash payback period for the new hoist : Legend Service Center just purchased an automobile hoist for $35,100. Compute the cash payback period for the new hoist
Find the expression for the velocity of the object : An object on the end of a spring is moving so that its displacement (in cm) from the equilibrium position is given by y = e-0.5t (0.4 cos 6t - 0.2 sin 6t).
Would any items in the balance sheet be in error explain : Would any items in the balance sheet or the income statement be in error? Explain
Prepare a two-page outline of your research proposal : Prepare a two-page outline of your Research Proposal on Adaptation of Black Immigrants to the U.S. School System.
Developmental dyslexia- what are some treatment : genetically through families and why do some members get it but others do not. What are some treatment options for Susan

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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