Business, 21.08.2019 22:30 chrisd2432

Legend service center just purchased an automobile hoist for $34,300. the hoist has an 8-year life and an estimated salvage value of $3,900. installation costs and freight charges were $3,380 and $880, 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 $76 installed. the cost of a muffler is $40, and the labor cost to install a muffler is $14.(a)compute the cash payback period for the new hoist. (round answer to 2 decimal places, e. g. 10.50.)cash payback period legend service center just purchased an automobileyears(b)compute the annual rate of return for the new hoist. (round answer to 1 decimal place, e. g. 10.5.)annual rate of return legend service center just purchased an automobile%

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 23:30, zoelynn8386

On september 12, ryan company sold merchandise in the amount of $5,800 to johnson company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. ryan uses the periodic inventory system and the net method of accounting for sales. on september 14, johnson returns some of the non-defective merchandise, which is restored to inventory. the selling price of the returned merchandise is $500 and the cost of the merchandise returned is $350. the entry or entries that ryan must make on september 14 is (are): multiple choice sales returns and allowances 490 accounts receivable 490 merchandise inventory 350 cost of goods sold 350 sales returns and allowances 490 accounts receivable 490 sales returns and allowances 500 accounts receivable 500 sales returns and allowances 490 accounts receivable 490 merchandise inventory 343 cost of goods sold 343 sales returns and allowances 350 accounts receivable 350

Answers: 1

continue

Business, 22.06.2019 08:30, Naomi7021

Conor is 21 years old and just started working after college. he has opened a retirement account that pays 2.5% interest compounded monthly. he plans on making monthly deposits of $200. how much will he have in the account when he reaches 591 years of age?

Answers: 2

continue

Business, 22.06.2019 19:30, alejandra340

Adisadvantage of corporations is that shareholders have to pay on profits.

Answers: 1

continue

Business, 22.06.2019 20:30, cahree

Afirm wants to strengthen its financial position. which of the following actions would increase its current ratio? a. reduce the company's days' sales outstanding to the industry average and use the resulting cash savings to purchase plant and equipment. b. use cash to repurchase some of the company's own stock. c. borrow using short-term debt and use the proceeds to repay debt that has a maturity of more than one year. d. issue new stock, then use some of the proceeds to purchase additional inventory and hold the remainder as cash. e. use cash to increase inventory holdings.

Answers: 3

continue

You know the right answer?

Legend service center just purchased an automobile hoist for $34,300. the hoist has an 8-year life a...