After Sarah's mountain bike was damaged in a competition, she needed a new suspension fork. The local bike shop charged her $875 for a replacement fork that had cost the shop $500. All installation labor was additional. Compute the dollar markup and the markup percent based on the cost of the suspension fork.
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- Can someone please solve this?My neighbor, Mrs. Dubois, is the accountant for the cranberry processing plant. The plant has a piece of equipment, nicknamed Harvey that is used to clean and prepare the harvested cranberries. Mrs. Dubois needs to determine if Harvey should be replaced with a newer, better version. Using the NPV tool, we will provide her a recommendation. Facts provided: 1. Old Cranberry Cleaner (Nickname: Harvey) Cost $260,000 2. Harvey’s Accumulated Depreciation $150,000 3. Cash Sales Price for Harvey $60,000 4. New Equipment Cost $448,000 5. New Equipment Depreciation (Each Year) $44,800 6. New Equipment Net Cash Revenues (Each Year) $482,000 7. New Equipment Net Cash Expenses (Each Year) $365,000 8. New Equipment Estimated Useful Life 10 Years 9. Tax Rate 40% 10. Cost of Capital 10% Step 1 A: Identify both the timing and amount of cash inflows and cash outflows (A) Compute the inflows & outflows for any…Dahl Corporation has just built a machine to produce car doors. Dahl had to build this machine because it couldn’t purchase one that met its specifications. The following are the costs related to the machine’s construction and the first month of operations: • Construction materials, $20,000 • Labor, $9,000 (construction, $3,000; testing, $1,000; operations, $5,000) • Engineering fees, $5,000 • Utilities, $4,000 (construction, $1,000; testing, $1,000; operations, $2,000) What is the initial value of the machine? a. $28,000 b. $29,000 c. $31,000 d. $38,000
- The Fraternity of Future Fire Fighters sold bottled water at the festival. They paid a $40 booth fee and they spent $40 at the grocery store for 200 bottles of water. With so many bottles on hand, they decided to spend $10 on styrofoam coolers and $10 on loe, in order to keep the water cold while they worked in the booth. What is their unit cost? O $0.10 O $0.20 O $0.30 $0.40 O $0.50 $1.00 All of the above O None of the aboveYou have been asked to convert a baseboard electric to a forced air heatingsystem for a house. The charges for the customer are: removal of the oldbaseboard heaters, 3.5 hours at $19.00 per hour; cost of the ducts andplenum, $423.30; cost of the heat pump, $1,139.59; addition of a humidifierto the system, $325.00; diffusers and return duct grates, $62.50; haulingaway trash, $125.00; and labor to install the system, 16 hours at $19.00 perhour. Write a bill for this conversion.Carla Vista Roofing is faced with a decision. The company relies very heavily on the use of its 60-foot extension lift for work on large homes and commercial properties. Last year, Carla Vista Roofing spent $77,400 refurbishing the lift. It has just determined that another $45,500 of repair work is required. Alternatively, it has found a newer used lift that is for sale for $194,000. The company estimates that both lifts would have useful lives of 5 years. The new lift is more efficient and thus would reduce operating expenses from $110,000 to $84,200 each year. Carla Vista Roofing could also rent out the new lift for about $11,500 per year. The old lift is not suitable for rental. The old lift.could currently be sold for $28,500 if the new lift is purchased. The new lift and old lift are estimated to have salvage values of zero if used for another 5 years. Prepare an incremental analysis showing whether the company should repair or replace the equipment. (Enter negative amounts using…
- Sheridan Roofing is faced with a decision. The company relies very heavily on the use of its 60-foot extension lift for work on large homes and commercial properties. Last year, Sheridan Roofing spent $63,500 refurbishing the lift. It has just determined that another $53,500 of repair work is required. Alternatively, it has found a newer used lift that is for sale for $180,500. The company estimates that both lifts would have useful lives of 6 years. The new lift is more efficient and thus would reduce operating expenses from $97,000 to $63,500 each year. Sheridan Roofing could also rent out the new lift for about $8,500 per year. The old lift is not suitable for rental. The old lift could currently be sold for $21,500 if the new lift is purchased. The new lift and old lift are estimated to have salvage values of zero if used for another 6 years. Prepare an incremental analysis showing whether the company should repair or replace the equipment. (Enter negative amounts using either a…Ginny decided to try her hand at beekeeping. The costs that went into the harvesting process included the cost of the beehives, the original bee colony, and her own time and equipment. This past year, she harvested 160 pounds of honey and 40 pounds of honeycomb for a total cost of $2,000. She has several outlets for selling her organic honey. The average sales price at these outlets is $4 per 8 oz. jar. The honeycomb can be sold as well, for $3 per pound. (a) How much of the joint harvesting cost will Ginny allocate to each product if she uses the sales value at split-off method? (Round proportion to 4 decimal places, e.g. 0.2516 and final answers to 2 decimal places, e.g. 5,125.25.) Honeycomb Allocated joint costs $ Honey $Matila has decided to allocate.. ....accounting question
- Signal mistakenly produced 1,025 defective cell phones. The phones cost $67 each to produce. A salvage company will buy the defective phones as they are for $30 each. It would cost Signal $84 per phone to rework the phones. If the phones are reworked. Signal could sell them for $144 each. Signal has excess capacity. Should Signal scrap or rework the phones? Sales Rework costs Income Scrap ReworkRebe is looking over two sets of calculations done by a new employee. Set A presents the original cost of a vehicle to be $60,000 and the depreciable cost to be $30,000. Set B presents the depreciable cost of a machine to be $100,000 and the original cost of the machine to be $80,000. Are these calculations correct? No, Set A is incorrect as the depreciable cost cannot possibly be lower than the original cost of the asset. Yes, both Set A and Set B are likely correct, but to know for sure the salvage value of the assets would also need to be known. Yes, both Set A and Set B are likely correct, but to know for sure the estimated useful life would also need to be known. O No, Set B is incorrect as the depreciable cost cannot possibly be higher than the original cost of the asset.Compute the total cost, expected profit, and selling price. Write your solution and answer on the space provided. Show your solution. 1. Lara bought materials for her jewelry business. She bought Php315 beads, and PhP257 bead wire. Her transportation cost about PhP55 and the labor is about PhP40. Her desire profit is 50%. 2. Marivic's Accessory Shop ordered materials thru online for their Memory wire bracelet. They ordered PhP405 color green beads, and PhP225 pink small beads, wire Php120, shifting fee is PhP80. The operational cost is 544, and the desire profit is 40%.
