Nittany car rentals just acquired a brand new bmw. The car cost $80,000 and will depreciate fully in 8 years. Given that the company makes $20,000 a year renting it out, what will the book rate of return be after 2 years?.

Answers

Answer 1

The book rate of return after 2 years can be calculated using the straight-line depreciation method, which is given by the following formula:

Book value = Cost of asset - Accumulated depreciation Depreciation expense per year = (Cost of asset - Residual value) / Useful life in years The book value of the car after 2 years is:

Book value = Cost of asset - Depreciation expense per year x Number of years= $80,000 - ($80,000 - 0) / 8 x 2= $60,000

The total rental income generated over the 2 years is:$20,000 x 2 = $40,000

The book rate of return after 2 years is: Book rate of return = (Total rental income generated / Book value) x 100= ($40,000 / $60,000) x 100= 66.67%

Therefore, the book rate of return after 2 years is 66.67%.

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Related Questions

You are selling friendship bracelets online and you give very clear instructions to the ISP about how to post the listing and photos. The ISP
erroneously posts P. Navajo's pictures, at half price, and states that you give a certificate of authenticity. None of this was included in your
instructions. The posting goes viral and tweens and teens from all over the world order over 50 million bracelets in one day. You are liable.

Answers

Answer. false,

someone else answered it, same question on another brainly  

Assume that the quotes given below are from a newspaper. "petrol prices fall for the second time during this year", "price of video games is set to fall again" "price of foreign holidays increases" Explain whether the producers of the relevant companies i) Are likely to raise or cut back on production as a result of these news items. Explain your reasons. ii) What is the term used for this rise or cut down of production?

please help ASAP​

Answers

Answer:

which subject

Explanation:

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Which subject is it

​(Bond valuation) A bond that matures in
13
years has a
​$1 comma 000
par value. The annual coupon interest rate is
12
percent and the​ market's required yield to maturity on a​comparable-risk bond is
14
percent. What would be the value of this bond if it paid interest​ annually? What would be the value of this bond if it paid interest​ semiannually?
Question content area bottom
Part 1
a. The value of this bond if it paid interest annually would be
​$.
​(Round to the nearest​ cent.)

Answers

The value of the bond if it paid interest annually would be approximately $782.24.

To calculate the value of the bond

We can use the formula for present value of a bond. The formula is:

Bond Value is determined by (Coupon Payment / Discount Rate)*. The formula is [1 - (1 / (1 + Discount Rate) Number of Periods)] + (Par Value / (Discount Rate x 1) Periods)

Where

Coupon Payment = Annual coupon interest rate * Par ValueDiscount Rate = Market's required yield to maturityNumber of Periods = Number of years to maturity

Given:

$1,000 is the par value.

12% is the annual coupon interest rate.

The market's necessary yield till maturity is 14%.

13 years are needed for maturity.

Now let's calculate the value of the bond if it paid interest annually:

Coupon Payment = 12% * $1,000 = $120

Discount Rate = 14% / 100 = 0.14

Number of Periods = 13

Bond Value = \(($120 / 0.14) * [1 - (1 / (1 + 0.14) ^ 1^3)] + ($1,000 / (1 + 0.14) ^ 1^3)\)

Bond Value = $782.24

Therefore, the value of the bond if it paid interest annually would be approximately $782.24.

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Which of the following types of utility enhances value by creating more useful or desirable products out of raw materials or separate parts?

Answers

Answer:

Form.

Explanation:

Six Sigma is a quality business management strategy which helps business organizations to improve the quality of processes, products and services by discovering and eliminating defects, variations or errors. It is a strategic business concept that was developed in 1986 by Motorola.

Under the six sigma approach, any process that doesn't provide customer satisfaction or causes challenges in an organisation's process should be eliminated from the system in order to produce quality products and services.

Form is a type of utility that enhances value through the creation of more useful or desirable products from raw materials or separate parts, so as to meet the unending requirements or needs of the consumers. It refers to characteristics such as size, external dimensions, mass, visual appearance, and weight that uniquely distinguishes an assembly, component or part.

T/F: gaap does not allow cash basis accounting to be used in external financial reports.

Answers

True. GAAP (Generally Accepted Accounting Principles) requires accrual basis accounting to be used in external financial reports.

Cash basis accounting can only be used for internal reporting purposes.

GAAP, or Generally Accepted Accounting Principles, require the use of accrual basis accounting instead of cash basis accounting for external financial reporting. This is because accrual accounting provides a more accurate and comprehensive view of a company's financial position and performance, as it records financial transactions when they are incurred rather than when cash is exchanged.

The reason behind this is that cash basis accounting only records transactions when cash is received or paid, without considering the timing of the underlying transactions. This can lead to inaccurate reporting of a company's financial performance and position. In contrast, GAAP requires companies to use accrual basis accounting, which records transactions when they occur, regardless of when cash is received or paid. Accrual basis accounting provides a more accurate picture of a company's financial performance and position by matching expenses to revenues earned during a particular period. This helps investors and creditors make informed decisions about a company's financial health.

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When the United States spends money on education, does this cause the nation's GDP to grow or decline?

Answers

Answer:

the gdp of the united states stays the same because the money the put into it is the tax payers money

Explanation:

Why is it important for public corporations to comply with audits

Answers

Answer:

Explanation:

Accounting and auditing professionals serve an absolutely vital role in our capital markets. Transparent, informative and accurate financial reporting are the lifeblood of the capital markets and are essential for investors to make informed decisions as to how to allocate their capital.

6. He is not a skilled worker. He
doesn't ............... much.
win
gain
earn
pay
afford

Answers

Answer:

earn .

He is not a skilled worker. He doesn't earn much.

Explanation:

He doesn't earn much.....

pricing stock issues in an ipo zang industries has hired the investment banking firm of eric, schwartz, & mann (esm) to help it go public. zang and esm agree that zang's current value of equity is $65 million. zang currently has 3 million shares outstanding and will issue 2 million new shares. esm charges a 7% spread. what is the correctly valued offer price? do not round intermediate calculations. round your answer to the nearest cent.

Answers

To determine the correctly valued offer price for Zang Industries' initial public offering (IPO), we need to consider the company's current value of equity, the number of outstanding shares, the number of new shares to be issued, and the spread charged by the investment banking firm.

Zang Industries' current value of equity is $65 million, and it has 3 million shares outstanding. The company plans to issue 2 million new shares. To calculate the correctly valued offer price, we first need to determine the total value of equity after the IPO, which is the sum of the current value of equity and the proceeds from the new shares:

Total Value of Equity = Current Value of Equity + Proceeds from New Shares

Proceeds from New Shares = Number of New Shares * Offer Price

The offer price can be calculated by dividing the total value of equity by the total number of shares after the IPO:

Offer Price = Total Value of Equity / (Number of Outstanding Shares + Number of New Shares)

Once the offer price is determined, the spread charged by ESM needs to be added. The spread is calculated by multiplying the offer price by the spread rate (7% or 0.07). The correctly valued offer price can be obtained by adding the spread to the initial offer price.

Please provide the total value of equity and the number of new shares, if available, so that I can calculate the correctly valued offer price for Zang Industries' IPO.

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Which type of market is the one in which a person buys stock in the fast-food company that makes their favorite breakfast sandwich?

Product market
Factor market
Financial market
Closed market

Answers

The type of market is the one in which a person buys stock in the fast-food company is Financial market. Thus 3rd option is correct.

What is Financial Market?

Any location or system that gives buyers and sellers the ability to trade financial assets, such as bonds, shares, the various international currencies, and derivatives, is referred to as a financial market.

The connection between people with capital to invest and those who need capital is facilitated by financial markets.

The kind of market where a consumer purchases shares of the fast-food chain that sells their preferred breakfast sandwich is referred as financial market.

Thus 3rd option is correct.

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Answer: Financial market

Explanation: stocks

list Five products not in the Market​

Answers

Answer:

Jolt Cola

Apple Newton

Googl e Glass

Surge

Nintendo Virtual Boy

Explanation:

Which of the following personal selling steps would a tickler file be helpful?
1. pre-approach
2.handling objections
3.closing the sale
4.the follow-up after the sale

Answers

Pre-approach is a phase in the personal selling process that would be useful. As a result, choice (A) is the right reaction.

What is personal selling?

When a salesperson meets with a potential customer to close a deal, this is known as personal selling. A sequential sales process with typically nine steps is used by many salespeople. For all or a portion of the sales process, some sales professionals write scripts. Telemarketing and in-person interactions both employ the sales process.

The phrase can also be used to describe a scenario in which a business relies heavily on its sales force to interact with clients.

Hence, option (A) is accurate.

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What type of economy is the South African economy?

Answers

Answer:South Africa has a mixed economy in which there is a variety of private freedom, combined with centralized economic planning and government regulation.

Explanation:

Answer:

South Africa has a mixed economy in which there is a variety of private freedom, combined with centralized economic planning and government regulation.

Explanation:

No Explanations

here is a riddle: someone who questions but know the solution simply for the fun. who is it

hope it brightens your day

Answers

Answer: You

Explanation: Your asking a riddle you know the answer to

The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period. 2. Compute the cost of direct labor used for the period.

Answers

The Direct labor hours is $458,909.09.

1. Raw Materials Inventory T-accountParticulars

DebitCreditBalance (Beginning)$0

Purchases$114,000Indirect materials$8,600Balance (Ending)$18,000 Direct materials used can be calculated as follows:

Direct materials used = Beginning balance + Purchases - Ending balance

Direct materials used = $0 + $114,000 - $18,000

Direct materials used = $96,0002.

Cost of direct labor used for the period

The predetermined overhead rate of ADT Company is 55% of direct labor cost. Therefore, direct labor cost can be computed using the following formula:Direct labor cost = Direct labor hours x Direct labor rateNow, the direct labor rate is not given in the question. Therefore, we cannot compute the direct labor cost. However, we can compute the direct labor cost used by using the direct labor hours as follows:

Direct labor hours = Manufacturing overhead applied ÷ Predetermined overhead rate

We know that the manufacturing overhead applied is $252,400. Therefore, the direct labor hours can be calculated as follows:

Direct labor hours = $252,400 ÷ 55%

Direct labor hours = $252,400 ÷ 0.55

Direct labor hours = $458,909.09

The cost of direct labor used can now be calculated using the direct labor hours and the direct labor rate.

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Select all of the benefits to buying a home.

Select all of the benefits to buying a home.

Answers

Answer:

The value of the home generally increases over time

The quality of your home increases

Once the mortgage is paid in full you own the home

You can make improvements in the place

the organization of business messages should be organized based on

Answers

The organization of business messages should be organized based on a prediction of the receiver's reaction to the main idea.

How to organize business messages

To organize business messages, it is important to predict how the receiver of the message might react to it. First, they may reject the information, be infuriated by it, doubt it, or be happy about the information being passed to them.

So, depending on their response, the person sending the business message might know how to organize it.

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Which of the following is true?

a.

​Reserve requirements exist primarily to eliminate bank runs.

b.

​If a bank lends out its excess reserves of $90,000, at the time the loan is made, the money supply will increase by $90,000.

c.

​When there are two forms of money available, people prefer to spend the form of money that is more valuable.

d.

​A majority of U.S. money, whether M1 or M2, is in the form of legal tender.

Answers

The correct statement is if a bank lends out its excess reserves of $90,000, at the time the loan is made, the money supply will increase by $90,000. Option B is correct.

This is because when a bank makes a loan, it creates new money in the form of a deposit in the borrower's account. This deposit is part of the money supply, and it can be used to make purchases or pay off debts, effectively increasing the amount of money in circulation.

The amount of new money created is equal to the amount of the loan, which in this case is $90,000.

Therefore, option B is correct.

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Leisure Heating & Cooling installs and services commercial heating and cooling systems. Leisure uses job costing to calculate the cost of its jobs. Overhead is allocated to each job based on the number of direct labor hours spent on that job. At the beginning of the current year, Leisure estimated that its overhead for the coming year would be $66,750. It also anticipated using 4,450 direct labor hours for the year. In November, Leisure started and completed the following two jobs:Job 101 Job 102Direct materials used $16,000 $10,500Direct labor hours used 195 72Leisure paid a $30 per hour wage rate to the employees who worked on these two jobs.What is Leisure's predetermined overhead rate based on direct labor hours?

Answers

A) The allocation base total divided by the total expected manufacturing overhead to determine the predefined overhead rate. $15 per hour is the fixed overhead rate, or 66,750/4450.

Explain everything in detail?

Based on the amount of direct work hours put into each job, overhead is assigned to each one.

At the start of the current year, the anticipated overhead was $66,750.

4,450 estimated hours of direct work

The following two tasks were begun by Leisure in November and were successfully finished:

Job 102

$12,500 in direct materials

72 hours were spent on direct labor.

A $30 hourly pay was paid for leisure.

$16,000 was used on Job 101's direct materials.

hours of direct labor: 195

A $30 hourly pay was paid for leisure.

A) preset overhead rate = total projected manufacturing overhead / total amount of base allocation

preset overhead rate = 66,750/4450 = $15 per hour.

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Use the financial statement effects template to record the accounts and amounts for the following four transactions involving investments in marketable debt securities classified as available-for-sale securities. Assume that these transactions occur in 2016 (before the new rules for securities went into effect).a. Loudder Inc. purchases 4,000 bonds with a face value of $1,000 per bond. The bonds are purchased at par for cash and pay interest at a semi-annual rate of 4%.b. Loudder receives semi-annual cash interest of $160,000.c. Year-end fair value of the bonds is $978 per bond.d. Shortly after year-end, Loudder sells all 4,000 bonds for $970 per bond.

Answers

Financial effects refer to the impact that a financial transaction or event has on the financial statements of a company. These effects are measured in terms of changes in the company's assets, liabilities, equity, revenue, and expenses.

For example, a financial transaction like a sale of goods will result in an increase in revenue and accounts receivable and a decrease in inventory. Similarly, a financial event like a change in interest rates will impact the value of a company's debt and equity, affecting its financial position and performance. Understanding financial effects is important for financial analysis, decision-making, and reporting.

The financial transaction statement is attached as a table.

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Use the financial statement effects template to record the accounts and amounts for the following four

Which of the following statements is​ FALSE? A. Rent controls are examples of price floors. B. Price controls may take the form of price ceilings or price floors. C. Price ceilings below the equilibrium price can cause black markets to develop. D. The rationing function of prices is not allowed to freely operate when the government imposes price controls.

Answers

Answer:

A. Rent controls are examples of price floors.

Explanation:

Price floors are kind of like the lowest price that one can legally pay for some service whereas Price control prevent prices from going above a certain maximum point. Rent controls are often called price ceilings and part of Price control

In CengageNOWv2, all of the accounting problems are multiple choice or utilize drop-down menus. TRUE OR FALSE

Answers

The statement all of the accounting problems are multiple choice or utilize drop-down menus is true because participants will learn how to construct and evaluate financial statements such as the balance sheet, income statement, and cash flow statement.

As well as how to calculate and interpret crucial ratios. Business Entity, Money Measurement, Going Concern, Accounting Period, Cost Concept, Duality Aspect Concept, Realisation Concept, Accrual Concept, and Matching Concept are some of the terms used in accounting.

Revenues, costs, assets, and liabilities are the four basic accounting concepts utilized in company. Documents such as balance sheets, income statements, and cash flow statements track and record these elements. When respondents choose to participate in the study on their own, they make a selection error.

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An activity variance is due to the difference between the level of activity used in the flexible budget and the actual level of activity.

a. True
b. False

Answers

Answer:

a. True

Explanation:

The Activity variance is based on the difference in actual level of activity used in flexible budget and the level of activity accounted in the planning or master budget

Which is most likely to happen to consumers with good credit? Check all that apply

Answers

Answer:

They can be approved for loans.

They are denied a mortgage.

They can receive lower interest rates.

They are denied an unsecured loan.

They can use credit in emergencies.

They are forced into high interest rates.

Explanation:

hope this helps

Answer:They can be approved for loans.

They are denied a mortgage.

They can receive lower interest rates.

They are denied an unsecured loan.

They can use credit in emergencies.

They are forced into high interest rates.

Explanation:

edge

Your friend is thinking of hiring a financial planner to help him manage his portfolio. What should he be on the lookout for? Why?

Answers

Answer:

You should look for How much money should I invest and where? What is my current net worth? Can I afford to retire? How do I invest to achieve my short and long-term life goals? How much money do I need and when? You should ask these questions because they are important to consider when your going to hire someone in the financial business.

Explanation:

However, these may not be what most people ask when they are going to hire a financial planner. This is just what I would question them and myself about.

Pharmaceutical companies have been criticized by Congress for excessive and unreasonable profits. Drug company profits are more than ________ times the average profit of Fortune 500 companies.

Answers

Pharmaceutical companies have been criticized by Congress for excessive and unreasonable profits. Drug company profits are more than three times the average profit of Fortune 500 companies. Pharmaceutical companies are those companies that research, develop, distribute, and market drugs that are used to diagnose, cure, and/or treat diseases, medical conditions, and disorders.

Pharmaceutical companies produce both generic and branded drugs. They are typically classified as either biopharmaceutical or traditional pharmaceutical companies. There are a variety of government regulations and laws that pharmaceutical companies must adhere to. They must first get regulatory approval for each drug they produce, and then must adhere to strict quality control and manufacturing processes in order to maintain their regulatory approvals.

There are a variety of other regulations that are placed on pharmaceutical companies in order to ensure that drugs are safe and effective for the patients who use them.

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true or false: if a mirror produces a magnification of 1/4, the image is 4 times as large as the object but is inverted.

Answers

The statement "if a mirror produces a magnification of 1/4, the image is 4 times as large as the object but is inverted." is False.

If a mirror produces a magnification of 1/4, it means that the image formed by the mirror is one-fourth the size of the object. The magnification formula is given by:

Magnification = Height of Image / Height of Object

In this case, if the magnification is 1/4, it implies that the height of the image is one-fourth the height of the object.

However, the statement that the image is 4 times as large as the object is incorrect. The image is actually smaller than the object, not larger. Additionally, the statement that the image is inverted is not necessarily true. Whether the image formed by the mirror is inverted or upright depends on the type of mirror being used (concave or convex) and the position of the object relative to the mirror's focal point.

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Which of the following are examples of limited resources on the part of consumers?
product and space
money and product
time and money
space and time

Answers

Answer:

The answer is time and money

Explanation:

I took the test on edge

Examples of limited resources on the part of consumers are time and money.

What are limited resources?

Limited resources are resources that can be depleted. They are of limited availability. As these resources are used, they decline.

For example, no one has an unlimited supply of money. As money is spent, the amount of money one has reduces. Also, time is limited. One has 24 hours in a day.

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a construction company's mission statement defines success as having as little of a negative impact on an environment as possible rather than solely analyzing profits and losses, and a practice called triple line.

Answers

prosperity, the planet, and people Instead of focusing only on revenues and losses, a construction company's mission statement defines success as having as little of a negative impact on the environment as feasible. This practise is known as triple line accounting.

According to the triple bottom line (TBL) economic theory, businesses should pledge to give social and environmental issues the same amount of attention as earnings. According to TBL theory, there should be three bottom lines: profit, people, and the environment. the triple bottom line hypothesis, an organization's contributions to social well-being, environmental health, and a just economy are all included in traditional corporate performance indicators. People, planet, and prosperity are sometimes referred to as the three "P's" in terms of the bottom line.

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Your stock investments returned 8%, 12%, and-4% in consecutive years a. What is the arithmetic mean return?(Round your answer to 2 decimal places) b. What is the standard deviation of these returns? (Round your answer to a decimal places) c. Assume a normal probability distribution. Based on the arithmetic mean and standard deviation calculated above, what Rx is the range of returns you expect to see 68% of the time? d. what is the probability of losing 3n; or more (i.e. return is-3% or lower)?

Answers

a. The arithmetic mean investments return for the three years is 7.67% (8% + 12% - 4%).

b. The standard deviation of the returns is 6.43%\(\sqrt{ ((((0.08/100) * 1)^2 + ((0.12/100) * 1)^2 + ((0. -4/100) * 1)^2)).}\)

c. The range of returns that you would expect to see 68% of the time is 3.57% (1.67 * √(2/3)).

d. The probability of losing 3% or more (i.e. the return is -3% or lower) is \(11.11 (1 - (0.83)^3).\)

The standard deviation of the returns is a measure of the spread or variability of the returns. It is calculated by taking the square root of the variance of the returns. The variance is the average of the squared differences between each return and the arithmetic mean of the returns. In other words, it measures how much the returns deviate from the mean.

The standard deviation is a measure of the risk associated with the investments. A higher standard deviation indicates that the returns are more spread out and that the investments are more risky. A lower standard deviation indicates that the returns are more tightly clustered around the mean and that the investments are less risky.

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A student collected the data below on the time and distance traveled by a beetle.Flight of a BeetleOB. 1 m/sO C. 1.25 m/sDistance in meters (m)OD. 4 m/s5.04.01.0 2.0 3.0 4.0 5.0Time in seconds (s)What was the beetle's average flight speed during the time represented in the graph?O A. .75 m/s3.02.01.0 7 of possible A survey conducted in a small business yielded the results shown in the table. Test the claim that health care coverage is independent of gender. Use a 0.05 significance level. What is the value of the test statistic? Men Women Health insurance 50 20 No health insurance 30 10 O A. x = 5.821 O B.x=3.841 c. x = 8.263 O D. x = 0.1637 Order the numbers (1.1)2, (1.4)10, and (1.5)16 from smallest to largest Solve the system using substitution. Check your solution 4x-y=622y=xThe solution is _(Simplify your answer. Type an integer or a simplified fraction. Type an ordered pair) Why is it difficult to make models of objects in the solar system? It's science btw 'nother easy question :/ - use the distributive property to show 8(b + 6) as an equivalent expression in expanded form If a painter is commissioned by a business to complete a work to go in the training room of their building, the copyright is owned by:a The businessb The painterc Equal ownership over the copyright What is the meaning of The Weary Blues? Santa has many toys to deliver on Elm Street. If there are 48 kids that live on ElmStreet and 12 of them are boys what is the ratio of girls to boys? Directions: Select all the correct answers.Which three sentences from the speech emphasize that America stands for liberty and opportunity? A company produces a single product. Variable production costs are $13.00 per unit and variable selling and administrative expenses are $4.00 per unit. Fixed manufacturing overhead totals $46,000 and fixed selling and administration expenses total $50,000. Assuming a beginning inventory of zero, production of 5,000 units and sales of 4,100 units, the dollar value of the ending inventory under variable costing would be: what's the following rotational symmetries of oranges regular hexagon Dear aunt may, i loved seeing you this week. i know that it was a sad event, but it was wonderful to see you and chris. i cant wait to see you again soon. love, michele which type of language is used in this letter? formal informal professional academic which of laura's misquoted idioms from daughter of invention is intended to mean that it makes no difference to her? Crusaders fought against German peasants.TrueFalse 13.Tumpale whose eye level is 182 cm tall observes the angle of elevation to the top of his house to be 32from her eye level at point A. He walks 20 m towards the house on a straight line to a point B at which she observes the angle of elevation of the top of the building to be 40. Calculate;a.Distance of A from the house. _____ was once the most fatal disease for children in history but has since been almost completely eliminated in the americas. consider 6 memory partitions 200k, 400k, 600k, 500k, 300k, 250k. these partitions need to be allocated to 4 processes. p1->357k, p2->210k, p3->468k, p4->491k. if the best fit is used, which of the partitions is not allocated? on october 1 a company sells a 10-year, $50,000 bond with a 9% stated interest rate. the market interest on that day was also 9%. if interest is paid quarterly, the company makes interest payments of . paired tires researchers were interested in comparing two methods for estimating tire wear. the first method used the amount of weight lost by a tire. the second method used the amount of wear in the grooves of the tire. a random sample of 16 tires was obtained. both methods were used to estimate the total distance traveled by each tire. the table below provides the two estimates (in thousands of miles) for each tire.29 (a) construct and interpret a 95% confidence interval for the mean difference m in the estimates from these two methods in the population of tires. (b) does your interval in part (a) give convincing evidence of a difference in the two methods of estimating tire wear? justify your answer.