A Dozer cost Ph 2,115,000 to purchase. Fuel, oil grease, and minor maintenance are estimated to cost Ph580 per operating hour. A set of tires cost Ph150,000 to replace, and their estimated life is 2,800 use hours. A Ph282,000 major repair will probably be required after 4,200hr of use. The equipment is expected to last for 8,400 hr, after which it will be sold at a price equal to 15% of the original purchase price. A final set of new tires will not be purchased before the sale. How much should the owner of the Dozer charge per hour of use, if it is expected that the machine will operate 1,400 hr per year? The company's capital rate is 8%.
Answers
The owner of the Dozer should charge Ph282.79 per hour of use.
To determine the hourly rental rate for a Dozer, the capitalized cost must be calculated.
The capitalized cost is the total cost of an asset adjusted to account for the time value of money.
Given information:
A Dozer cost Ph 2,115,000 to purchase.
Fuel, oil grease, and minor maintenance are estimated to cost Ph580 per operating hour.
A set of tires cost Ph150,000 to replace, and their estimated life is 2,800 use hours.
A Ph282,000 major repair will probably be required after 4,200 hr of use.
The equipment is expected to last for 8,400 hr, after which it will be sold at a price equal to 15% of the original purchase price.
A final set of new tires will not be purchased before the sale.
Solution:
Calculation of Capital Cost:
First, we have to determine the cost of replacing the tires, which is a cost that will be incurred during the life of the equipment.
The life of the tires is 2,800 hours, and the cost of replacement is Ph150,000.
Therefore, the hourly tire cost is given by:
Tire cost per hour = (Tire Replacement Cost / Tire Life) = 150,000/2,800 = Ph53.57
Now we have to determine the present value of the major repair costs that will be incurred at the end of 4,200 operating hours.
The capitalized cost is determined by summing the present value of the purchase price, major repair cost, and tire cost.
Present Value of Major repair costs = 282,000 / (1 + 0.08)4.2 = Ph201,433.81
Capitalized cost = Purchase price + PV of major repair cost + tire cost per hour
Capitalized cost = 2,115,000 + 201,433.81 + 53.57 = Ph2,316,487.38
Now, we need to find the hourly rental rate.
Hourly rental rate = (Capitalized cost x Capital recovery factor) / Estimated operating hours per year
Here, the capital recovery factor can be calculated using the following formula:
Capital recovery factor = i (1 + i)n / (1 + i)n - 1
Where i = Capitalization rate = 8% = 0.08n = Life of the equipment in years = 8Capital recovery factor = 0.10809 / 0.6339 = 0.1706
Therefore, the hourly rental rate is given by:
Hourly rental rate = (Capitalized cost x Capital recovery factor) / Estimated operating hours per year= (2,316,487.38 x 0.1706) / 1,400= Ph282.79
Therefore, the owner of the Dozer should charge Ph282.79 per hour of use.
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Related Questions
Question: Choose the products that are regulated by federal tobacco sales law:
C
O Chewing tobacco
Cigars (including regular, little, and flavored cigars)
O Rolling papers containing tobacco as an ingredient
O E-cigarettes & e-liquid
O All of the above are regulated
Answers
Vertical analysis of balance sheet
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow:
Line Item Description Current Year Previous Year
Current assets $2,800,000 $1,840,000
Property, plant, and equipment 5,200,000 6,072,000
Intangible assets 2,000,000 1,288,000
Current liabilities 1,800,000 1,380,000
Long-term liabilities 3,600,000 3,680,000
Common stock 980,000 920,000
Retained earnings 3,620,000 3,220,000
Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders’ equity item as a percent of the total liabilities and stockholders’ equity. When required, round percentages to one decimal place.
Answers
The comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders’ equity item as a percent of the total liabilities and stockholders’ equity will be
Description Prior Year Current Year Prior Year (%) Current Year (%)
Cash 0.00% 0.00%
Investments 0.00% 0.00%
Inventories 0.00% 0.00%
Accounts receivable 0.00% 0.00%
Pre-paid expenses 0.00% 0.00%
TOTAL 1,840,000 2,500,000 20.00% 25.77%
Property 6,072,000 5,200,000 66.00% 53.61%
and equipment
Leasehold improvements 0.00% 0.00%
Equity and other investments 0.00% 0.00%
Less accumulated 0.00% 0.00%
depreciation (Negative Value)
Intangible Assets 1,288,000 2,000,000 14.00% 20.62%
Charity 0.00% 0.00%
total 9,200,000 9,700,000 100.00% 100.00%
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Role of national government in preserving marketplace competition:
consumer
regulator
catalyst
entrepreneur
Answers
Another term for portfolio strategy is:?
allocation model. A
modulation model. B
formula model. C
equity model. D
Answers
Portfolio strategy is vital for every investor to achieve his or her financial goals and it's also known as allocation model.
Portfolio strategy simply means the roadmap that's used by investors to achieve financial goals. It simply means the optimal portfolios and their implication.
Portfolio strategy is created in order to present the asset allocation strategies for clients. This is vital in order for an organization to achieve its goals.
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If you lose your job in this country, you can claim unemployment and collect money to help you until you can find another job. This is because of economic
security
freedom
equity
growth
(I couldn’t find economics lol)
Answers
This is because of economic "Economic Security".
Economic security is characterized as a person's, family's, or alternately local area's capacity to meet their essential requirements in a feasible and honorable way. This shifts relying upon a person's actual prerequisites, the general climate, and social standards.
When a person is able and eager to work, but they are not employed, they are considered to be unemployed. A person's percentage of the labour force who is jobless is known as the unemployment rate. Consequently, knowing who is employed is necessary to calculate the unemployment rate.
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Which multimedia and interactive elements do you think would best support your viewpoint on the topic you chose for your blog? Write two to four sentences explaining what multimedia and interactivity you will use and why.
Answers
Answer:
I will use images and details from credible websites, which will boost my own credibility and support my claim. I will also use charts and graphs from trusted web resources, such as government and university sites, to make my supporting evidence clear
Explanation:
I took the test
Brainiest???
The Use of videos, audios, and images in the blog will not only make it attractive but also make it credible.
Best Way to Write BlogTo write a credible and attractive blog we need to use multimedia such as videos, images, link of credible websites. We can also use other elements which can autocorrect grammer mistakes, can easily provide best charts and graphs.
The use of these elements can give a better outlook to our blog, and also create a sense of trust and credible information.
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HELP! i need help with this brochure project for economics and personal finance. its about Understanding Checking and Debit Accounts can someone please give me the information or something for it or if u have already done it can you please give it to me.
the document has all the information.
Answers
Answer:
PLEASE DO YOU HAVE IT NOW I NEED IT ASAPP
Explanation:
please I need to graduate
What is the term for an employer's obligation to do something to enable an otherwise qualified person to perform a job? Multiple choice question. discrimination avoidance disability accommodation religious discrimination reasonable accommodation
Answers
A reasonable accommodation is the term for an employer's obligation to do something to enable a qualified person to perform a job.
What is reasonable accommodation?Corresponds to a change in work and processes so that an employee can have their specific needs met and achieve better performance, such as adjustments to tasks and the system.
Therefore, reasonable accommodation is a process of helping work processes during the selection phase, so that the employee achieves maximum quality and productivity.
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PLEASE HURRYYYY THIS IS DUE RIGHT NOW 20 POINTS
Please select the word from the list that best fits the definition Fossil fuels are the only cause of global warming. Absolute or Qualified?
Answers
Answer:
absolute
Explanation:
cause oils from mine feilds an certain refreshners cause global warming
Answer:
Absolute
Explanation:
The interbank market is the money market in which banks borrow or lend among themselves. One interest rate at which funds are offered to first-class banks is called LIBOR. What does the "L" in this abbreviation stand for?
Answers
The "L" in LIBOR stands for "London." LIBOR is an acronym for London Interbank Offered Rate. It is a benchmark interest rate used in the interbank market, where banks borrow or lend among themselves. LIBOR is commonly used as a reference rate for various financial instruments such as loans, mortgages, and derivatives.
To provide more context, the interbank market is a critical component of the global financial system. Banks participate in this market to manage their liquidity, to meet reserve requirements, or to provide short-term loans to other banks in need of funds. LIBOR is determined based on the average interest rate at which first-class banks are willing to lend unsecured funds to each other. It is published daily in various currencies and for different loan maturities.
As a key interest rate, LIBOR influences borrowing costs for individuals, businesses, and governments around the world. It is an essential tool for central banks in implementing monetary policy and ensuring stability in the financial system. However, due to some rate manipulation scandals, LIBOR is being replaced by alternative reference rates, such as the Secured Overnight Financing Rate (SOFR) in the United States.
In summary, the "L" in LIBOR represents "London," and the full abbreviation stands for London Interbank Offered Rate, a vital benchmark interest rate in the global interbank market.
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Which of the following are basic phases of the management process? a. supervising and directing b. decision making and supervising c. organizing and directing d. planning and controlling
Answers
The basic phases of the management process are: a. Planning: This involves setting goals, defining objectives, and developing strategies to achieve them.
b. Organizing: This involves arranging resources, tasks, and activities to achieve the planned goals.
c. Leading or Directing: This involves guiding and motivating employees to work towards the established goals.
d. Controlling: This involves monitoring performance, comparing it to the planned objectives, and taking corrective actions when necessary.
Based on the given options, the correct answer would be:
c. organizing and directing.
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what is the total number of enslaved humans trafficked in the triangular trade?
Answers
The triangular trade led to the forced migration of approximately 12 million enslaved Africans to the Americas, with a significant loss of life during the Middle Passage.
The triangular trade was a complex system of transatlantic trading routes during the 16th to 19th centuries that involved shipping goods and enslaved humans between Europe, Africa, and the Americas. It's challenging to provide a specific total number of enslaved humans trafficked in the triangular trade, as records are incomplete and estimates vary. However, it is widely accepted that approximately 12 million enslaved Africans were forcibly transported across the Atlantic Ocean between the 16th and 19th centuries.
The triangular trade can be broken down into three main routes. The first leg involved European ships carrying manufactured goods, such as guns, textiles, and alcohol, to African markets. In exchange for these goods, African slave traders supplied enslaved humans, who were often captured through warfare or raids.
The second leg, also known as the Middle Passage, involved transporting enslaved Africans across the Atlantic Ocean to the Americas. Conditions aboard the slave ships were extremely inhumane, with cramped spaces, malnutrition, and disease resulting in a high mortality rate. It is estimated that around 1.2 to 2.4 million enslaved Africans died during the Middle Passage.
The third leg of the triangular trade saw American and Caribbean plantations exporting raw materials and agricultural products, such as sugar, tobacco, and cotton, back to Europe. These goods were in high demand and fueled the growth of the European economy.
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If you are offered a job that you researched through the OOH, your employer must pay you the average salary described in the Department of Labor document.
True
False
Answers
False.
The salary for a job offer may be different from the median pay listed in the OOH.
The Occupational Outlook Handbook (OOH) is a publication of the U.S. Department of Labor's Bureau of Labor Statistics, which provides information on various occupations, including job duties, education and training requirements, and median pay. However, the OOH provides only general information and the median pay listed is not a guarantee of what a particular employer will pay for a specific job.
The salary for a job is usually determined through negotiation between the employer and the employee. Employers may consider a range of factors when determining the salary for a particular job, such as the candidate's experience and qualifications, the company's budget, and the job market in the area. Therefore, the salary for a job offer may be different from the median pay listed in the OOH.
It's important to research the median pay and other information about a job through the OOH or other sources as part of your job search, but it's also important to be aware that actual salaries may vary based on several factors.
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____ gives the property owner an allowance for the decline in the physical condition of real estate over time. group of answer choices
Answers
Depreciation gives the property owner an allowance for the decline in the physical condition of real estate over time.
What is depreciation?Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life. How much of an asset's value has been used is shown through depreciation. It enables businesses to purchase assets over a predetermined length of time and generate income from those assets. The immediate cost of ownership is greatly lowered because businesses do not have to fully account for them in the year the assets are purchased. A company's profits can be significantly impacted by not accounting for depreciation. Long-term assets can also be depreciated by businesses for tax and accounting reasons.Depreciation is comparable to amortization, which takes into account the increase in value of intangible assets over time.
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The SmartArt icon will allow you to include which of the following on a slide?
Answers
I think the answer is Graphs, I hope this helps
What is the role of doctors in our society? Explain.
Answers
Answer:
It is to help people by assessing symptoms, diagnosing diseases, etc.
Explanation:
Answer:
Doctors save lives, but their importance goes far beyond that. Doctors also make a difference by helping patients minimize pain, recover from a disease faster or learn to live with a disabling injury. A patient's ability to enjoy life, even if they can't be cured, makes a huge difference to them and to their families.
I need help on these two. 15 pts. Brainliest...
Answers
what is it called when the government uses some tool other than money to allocate goods?
A. rationing
B. supply management
C. disequilibrium
D. resource allocation
Answers
Its rationing easily
2. The owner of a franchise benefits from brand name recognition, access to professional
and nationwide advertising.
Answers
Answer:
True
Explanation:
It is TRUE that the owner of a franchise benefits from brand name recognition, access to professional and nationwide advertising.
This is because the owner of a franchise has various advantages. The advantages include enhanced reputation which covers all the places there is a franchise.
Then there is an increase in management techniques and work practices, including access to national advertising to cover many places and continuous support.
These are selected 2017 transactions for Wyle Corporation: Jan. 1 Purchased a copyright for $120,000. The copyright has a useful life of 6 years and a remaining legal life of 30 years. Mar. 1 Purchased a patent with an estimated useful life of 4 years and a legal life of 20 years for $54,000. Sept. 1 Purchased a small company and recorded goodwill of $150,000. Its useful life is indefinite. Prepare all adjusting entries at December 31 to record amortization required by the events.
Answers
Answer:
Explanation:
Workings
Note that intangible assets are amortized over the useful lifetime and not the legal life.
Copyright
Useful life = 6 years
Date of purchase = January 1
Timeline = 12 months / 1 year
Purchase price = 120,000
Amortization charges = 120,000 / 6 = 20,000
Patent
Useful life = 4
Date of purchase = Mar 1
Timeline = 10 months (March - December )
Purchase price = 54,000
Amortization charges = 54000/4 *10/12 = 11,250
Small company
Goodwill are not amortized as it has an indefinite lifetime but annually tested for impairment
Adjusting entries
Date Accounting title Debit Credit
a) Amortization of Copyright
December 31 Amortization expenses 20,000
Copyright 20,000
b) Amortization of patent
December 31 Amortization expenses 11,250
Patent 11,250
The person who overseas the direct work of employees and is responsible for a day to day tasks the employees complete is likely an...?
Answers
Answer:
operational manager.
Read each statement about trademarks, trade secrets, copyrights, and patents, select the TWO True statements.
Question 14 options:
Trade Secrets are confidential information which may be sold or licensed.
A Trademark protects a brand name.
A Patent is used to protect an original work, like music.
A Copyright is used to protect a company logo.
Answers
The two true statements regarding trademarks, trade secrets, copyrights, and patents are as follows.
What are the reasons?Firstly, a trademark is a form of intellectual property that protects a brand name, symbol, or slogan used by a company to identify and distinguish its products or services from those of others.
This ensures that consumers can identify and trust the quality of a company's products or services. Secondly, a copyright is a type of intellectual property protection that is used to safeguard original works of authorship, such as literary, artistic, or musical works.
While a company logo may be eligible for copyright protection, it is not the primary purpose of copyright law.
Instead, copyrights are designed to protect creative works that are fixed in a tangible form and provide exclusive rights to the creator or owner of the work.
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What is meant by core competency?
Answers
What is an Individual Asynchronous Communicator? And provide 2 examples of people who are like that
Answers
Answer:
asynchronous communication is when you send a message without expecting an immediate response. For example, you send an email. I open and respond to the email several hours later. You can choose anyone you know for the example of people who are like that part. <3
Explanation:
The government is considering placing additional taxes on foreign lumber imports that are a proportion of the value of the imported lumber. This is an example of
Answers
The government is considering placing additional taxes on foreign steel imports that are a proportion of the value of the imported steel. This is an example of an ad valorem tariff.
What is an ad valorem tariff?An ad valorem tariff is a type of import tax imposed as a percentage of the value of a good or service being imported. This type of tariff is used to protect domestic industries from foreign competition. The amount of the tax is based on the value of the goods or services being imported, rather than the quantity or weight.
Therefore, the additional taxes on foreign steel imports that are a proportion of the value of the imported steel is an example of an ad valorem tariff.
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Why are tradeoffs necessary?
a. Resources are limited
b. People want different things
C. Every product has flaws
d. Advertisers promote products
Answers
Answer:
trade offs are necessary because resources are limited,people want different things, every product has flaws, and advertisers can promote products.
Which of the following is a key performance indicator of the customer perspective in a balanced scorecard?
Select one:
A. employee satisfaction
B. number of repeat customers
C. gross margin growth
D. defect rate
Answers
The key performance indicator of the customer perspective in a balanced scorecard is:
B. number of repeat customers.
The balanced scorecard is a strategic management framework that aims to provide a balanced view of an organization's performance across multiple dimensions.
It includes various perspectives, such as financial, customer, internal processes, and learning and growth. The customer perspective focuses on assessing how the organization is meeting customer needs and achieving customer satisfaction.
The number of repeat customers is a key performance indicator in the customer perspective because it measures the loyalty and satisfaction of customers.
A high number of repeat customers indicates that customers are satisfied with the organization's products or services and are willing to make repeat purchases. It is an important metric that reflects customer retention and loyalty, which are critical for the long-term success and growth of a business.
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You had a part time job that paid you $950 in one tax year. Do you have to file a
federal tax return?
OA. Yes.
OB. No.
O C. Yes. But my parents are responsible for filing it for me.
No. But if I am claimed on my parents tax return then I am required to file
OD
one.
Answers
Yes, a payment of $950 will attract federal tax in one year. Thus, Option A is the correct choice.
What exactly is taxation?Taxation is the process by which the legislature of a state levy taxes in order to compel proportional contributions from its subjects for public purposes.
Taxation is a method by which the state distributes its costs or burden to those who benefit from its spending.
Thus, Yes, a payment of $950 will attract federal tax in one year. Thus, Option A is the correct choice.
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Data concerning Mariah Corporation's single product appear below. Selling price per unit Variable expense per unit Fixed expense per month $ 165.00 $ 92.00 $431,040 The unit sales to attain the company's monthly target profit of $20,000 is closest to (Do not round Intermediate calculations.) Multiple Choicea. 6.179 b. 4,903 c. 5.905 d. 2.734
Answers
The unit sales needed to achieve Mariah Corporation's monthly target profit of $20,000 is approximately 6,179 units.
To calculate the unit sales needed to attain Mariah Corporation's monthly target profit of $20,000, we utilize the contribution margin approach. The contribution margin per unit is obtained by subtracting the variable expenses per unit from the selling price per unit, resulting in $73.00. By incorporating the fixed expenses of $431,040 and the target profit of $20,000 into the equation, we divide the total ($451,040) by the contribution margin per unit ($73.00). The calculation yields approximately 6,179.45 units. As a result, Mariah Corporation needs to sell approximately 6,179 units to achieve the desired monthly profit of $20,000.
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How do you understand the multinational or transnational corporations cite examples?.
Answers
A multinational corporation is one that has operations and business locations in two or more different nations.
How do you understand the multinational or transnational corporations?An international company is one that has branches and operations in two or more nations.A central office with its main office in the home nation frequently oversees these businesses.A business is not automatically a multinational corporation just because it exports products for sale elsewhere.Multinational corporations, often known as TNCs or MNCs, are businesses that conduct business internationally.TNC examples include Apple, McDonald's, and Unilever.The headquarters and offices of TNCs are frequently found in industrialized nations.Any company that is incorporated and conducts business in more than one nation at once is referred to as a multinational corporation, or MNC.In most cases, a corporation has its headquarters in one nation and runs fully or partially owned subsidiaries in other nations.To learn more about multinational corporation refer
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