After Buzz Landles drove his pickup in a desert race, the truck needed a new motor. A local mechanic charged Buzz $3,834 for a rebuilt motor that had cost the mechanic $2,700. All labor was additional. Compute the dollar markup and the markup percent based on the cost of the rebuilt motor.
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- How do I do a general journal on this entry? Master Flow purchased a specialized pipe bending machine for the Warehouse. The machine has a purchase price of $8,000. It will cost $300 to have it delivered; $500 to have it setup and it requires a custom platform that will cost $1,000. The machine uses disposable grommets. Scott purchases an initial lot of $200 pieces of the disposable grommets for $200. The Manufacturer for the Machine is providing $10,000, 90 Day financing at a 10% interest rate for the purchase.Please help me. Thankyou.1. An employee of Meagan Corporation found some partially completed units of Model X in a dusty corner of the warehouse. A job ticket attached to the units indicates that a total of P750 in manufacturing costs have been used to bring the materials to this point in the manufacturing process. The units can be sold in their current condition for P275 to a scrap metal dealer. If Meagan spends P250 to complete the units, they could be sold for P600. a. What should Meagan do? Why? b. Identify the sunk cost, if any.
- A contractor has purchased a small backhoe for $120,000 that he plans to use in excavating ditches for utilities construction. He plans to use the backhoe for 8 years and sell the used machine for $40,000. He must replace the tires on the backhoe after each 3,000 hours of use at a cost of $15,000. Annual operating and labor costs are estimated to be $20,000 per year. The contractor estimates that the backhoe will be used about 1,000 hours per year. If the minimum attractive rate of return is 12%; what is the hourly owning and operating cost for the backhoe? Please required urgent... Thank youWarrick Water Company, a privately owned business, supplies water to several communities. Warrick has just performed an extensive overhaul on one of its water pumps. The overhaul is expected to extend the life of the pump by 10 years. The residual value of the pump is unchanged. You have been asked to determine which of the following costs should be capitalized as a part of this overhaul. Those costs not capitalized should be expensed. Required: Conceptual Connection: Classify each cost as part of the overhaul or as an expense. New pump motor Repacking of bearings (performed monthly) New impeller (rotating component of a pump) Painting of pump housing (performed annually) Replacement of pump foundation New wiring (needed every 5 years) Installation labor, motor Installation labor, impeller Installation labor, wiring Paint labor (performed annually) Placement of fence around pump* ČA requirement of the Occupational Safety and Health Administration that will add to maintenance costs over…A single-family home was developed five years ago in Neighborhood X and the owner would like to estimate the value of the property. Due to the lack of comparables in the local market, the owner relies on the cost approach for valuation. Based on the information below, what is the estimated value of the property based on the cost approach? (choose the closest answer) • The living area costs $300,000 to replace as new (material cost and labor cost) . Cost of garage and patio adds up to $50,000 • Physical depreciation is 10 percent of the replacement cost • There is no functional or external obsolescence . The land value is $200,000 and site improvement is worth 50,000 350,000 540,000 565,000 600,000 k
- Darcy Roofi ng is faced with a decision. The company relies very heavily onthe use of its 60-foot extension lift for work on large homes and commercial properties.Last year, Darcy Roofi ng spent $60,000 refurbishing the lift. It has just determined thatanother $40,000 of repair work is required. Alternatively, it has found a newer used liftthat is for sale for $170,000. The company estimates that both lifts would have useful livesof 6 years. The new lift is more effi cient and thus would reduce operating expenses byabout $20,000 per year. Darcy Roofi ng could also rent out the new lift for about $10,000per year. The old lift is not suitable for rental. The old lift could currently be sold for$25,000 if the new lift is purchased. Prepare an incremental analysis showing whether thecompany should repair or replace the equipment.WeatLegend Service Center just purchased an automobile hoist for $27,600. The hoist has an 8-year life and an estimated salvage value of $3,500. Installation costs and freight charges were $4,100 and $800, 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 5 extra mufflers per week. Each muffler sells for $74 installed. The cost of a muffler is $37, and the labor cost to install a muffler is $12. (a) Compute the cash payback period for the new hoist. Cash payback period (b) years Compute the annual rate of return for the new hoist. (Round answer to 2 decimal places, eg. 10.52%) Annual rate of return
- Legend Service Center just purchased an automobile hoist for $36,800. The hoist has an 8-year life and an estimated salvage value of $3,800. Installation costs and freight charges were $4,100 and $700, 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 5 extra mufflers per week. Each muffler sells for $72 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. Cash payback period years (b)Compute the annual rate of return for the new hoist. (Round answer to 2 decimal places, e.g. 10.52%.) Annual rate of return %John's 8-year-old Chevrolet Trail Blazer requires repairs estimated at $6,000 to make it roadworthy again. His wife, Sherry, suggested that he should buy a 5-year-old used Jeep Grand Cherokee instead for $6,000 cash. Sherry estimated the following costs for the two cars: Trail Blazer Grand Cherokee Acquisition cost $25,000 $6,000 Repairs $ 6,000 — Annual operating costs (Gas, maintenance, insurance) $ 2,280 $2,100 What should John do? What are his savings in the first year?One of the four ovens at a bakery is being considered for replacement. Its salvage value and maintenance costs are given in the table below for several years. A new oven costs $80,000 and this price includes a complete guarantee of the maintenance costs for the first two years, and it covers a good proportion of the maintenance costs for years 3 and 4. The salvage value and maintenance costs are also summarized in the table. Both the old and new ovens have similar productivities and energy costs. If the MARR equals 10%, which one of the following statements is true? Old Oven Salvage value at the end of Year Operating and Maintenance the year cost $20000 1 $17000 $6487 $14000 $11000 $7,000 $6587 $6687 4 $6687 New Oven Salvage value at the end of the year Year Operating and Maintenance cost $80000 1 $76000 $70000 3 $66000 $1000 4 $62000 $3000 Do not replace at all; economic service life of the challenger is 1 year. O Replace now; economic service life of challenger is 3 years. O Replace…