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Bit just returned from a duck hunting trip with eight ducks. Bill's friend, John, disapproves of duck hunting, and to discourage Bill from further hunting, John presented him with the following cost estimate per duck Canper and equipment: Cost, $18,000; usable for eight seasons; 14 hunting trips per season travel expense (pickup truck) 100 miles at 10.44 per wile (gas, oil, and tires-s0.25 per sile; depreciation and insurance -se.18 per aile) Shotgun shells (two boxes per hunting trip) Soat: Cest, 32,640, usable for eight seasons; 14 hunting trips per season Hunting license: Cost, $40 for the season; 14 hunting trips per season Money lost playing pokeri Loss, 538 (8111 plays poker every weekend whether he goes hunting or stays at home) Bottle of whiskey: Cost, $25 per hunting trip (used to ward off the cold) Total cost Cost per duck ($325+ #ducks) Complete this question by entering your answers in the tabs below. $ 161 44 30 Required: 1. Assuming the duck hunting trip Bil just completed is typical, what costs are relevant to a decision as to whether Bill should go duck hunting again this season? Total 24 2. Suppose Bill gets lucky on his next hunting trip and shoots 14 ducks using the same amount of shotgun shells he used on his previous hunting trip to bag 8 ducks. How much would it have cost him to shoot the last six ducks? 0 25 $325 5 41 Required 1 Required 2 Assuming the duck hunting trip Bill just completed is typical, what costs are relevant to a decision as to whether Bill should go duck hunting again this season? W

Bit just returned from a duck hunting trip with eight ducks. Bill's friend, John, disapproves of duck hunting, and to discourage Bill from further hunting, John presented him with the following cost estimate per duck Canper and equipment: Cost, $18,000; usable for eight seasons; 14 hunting trips per season travel expense (pickup truck) 100 miles at 10.44 per wile (gas, oil, and tires-s0.25 per sile; depreciation and insurance -se.18 per aile) Shotgun shells (two boxes per hunting trip) Soat: Cest, 32,640, usable for eight seasons; 14 hunting trips per season Hunting license: Cost, $40 for the season; 14 hunting trips per season Money lost playing pokeri Loss, 538 (8111 plays poker every weekend whether he goes hunting or stays at home) Bottle of whiskey: Cost, $25 per hunting trip (used to ward off the cold) Total cost Cost per duck ($325+ #ducks) Complete this question by entering your answers in the tabs below. $ 161 44 30 Required: 1. Assuming the duck hunting trip Bil just completed is typical, what costs are relevant to a decision as to whether Bill should go duck hunting again this season? Total 24 2. Suppose Bill gets lucky on his next hunting trip and shoots 14 ducks using the same amount of shotgun shells he used on his previous hunting trip to bag 8 ducks. How much would it have cost him to shoot the last six ducks? 0 25 $325 5 41 Required 1 Required 2 Assuming the duck hunting trip Bill just completed is typical, what costs are relevant to a decision as to whether Bill should go duck hunting again this season? W

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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s Bill just returned from a duck hunting trip with eight ducks. Bill's friend, John, disapproves of duck hunting, and to discourage Bill from further hunting, John presented him with the following cost estimate per duck Camper and equipment: Cost, $18,000; usable for eight seasons; 14 hunting trips per season travel expense (pickup truck) 100 miles at 50.44 per mile (gas, oil, and tires-58.25 per sile; depreciation and insurance -10.18 per aile) Shotgun shells (two boxes per hunting trip) Soat: Required 1 Required 2 Cest, 32,640, usable for eight seasons; 14 hunting trips per season Hunting license: Cost, $48 for the season; 14 hunting trips per season Money lost playing poker Loss, $38 (8111 plays poker every weekend whether he goes hunting or stays at home) Bottle of whiskey: Cost, $25 per hunting trip (used to ward off the cold) Total cost Cost per duck (5325-a ducks) Required: 1. Assuming the duck hunting trip Bill just completed is typical, what costs are relevant to a decision as to whether Bill should go duck hunting again this season? 2. Suppose Bill gets lucky on his next hunting trip and shoots 14 ducks using the same amount of shotgun shells he used on his previous hunting trip to beg 8 ducks. How much would it have cost him to shoot the last six ducks? Complete this question by entering your answers in the tabs below. 3 161 Total 44 30 S 24 Assuming the duck hunting trip Bill just completed is typical, what costs are relevant to a decision as to whether Bill should go duck hunting again this season? 25 $325 $41
Transcribed Image Text:s Bill just returned from a duck hunting trip with eight ducks. Bill's friend, John, disapproves of duck hunting, and to discourage Bill from further hunting, John presented him with the following cost estimate per duck Camper and equipment: Cost, $18,000; usable for eight seasons; 14 hunting trips per season travel expense (pickup truck) 100 miles at 50.44 per mile (gas, oil, and tires-58.25 per sile; depreciation and insurance -10.18 per aile) Shotgun shells (two boxes per hunting trip) Soat: Required 1 Required 2 Cest, 32,640, usable for eight seasons; 14 hunting trips per season Hunting license: Cost, $48 for the season; 14 hunting trips per season Money lost playing poker Loss, $38 (8111 plays poker every weekend whether he goes hunting or stays at home) Bottle of whiskey: Cost, $25 per hunting trip (used to ward off the cold) Total cost Cost per duck (5325-a ducks) Required: 1. Assuming the duck hunting trip Bill just completed is typical, what costs are relevant to a decision as to whether Bill should go duck hunting again this season? 2. Suppose Bill gets lucky on his next hunting trip and shoots 14 ducks using the same amount of shotgun shells he used on his previous hunting trip to beg 8 ducks. How much would it have cost him to shoot the last six ducks? Complete this question by entering your answers in the tabs below. 3 161 Total 44 30 S 24 Assuming the duck hunting trip Bill just completed is typical, what costs are relevant to a decision as to whether Bill should go duck hunting again this season? 25 $325 $41
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