Legend service center just purchased an automobile hoist for $32,400. the hoist has an 8-year life and an estimated salvage value of $3,000. installation costs and freight charges were $3,300 and $700, 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 five extra mufflers per week. each muffler sells for $72 installed. the cost of a muffler is $36, and the labor cost to install a muffler is $16. instructions: (a) compute the cash payback period for the new hoist. (b) compute the annual rate of return for the new hoist (round to the one decima

On january 1, 2015, jon sports has a bond payable of $200,000. during 2015, it pays off $20,000 of the outstanding bond principal and issues a new $70,000 bond. there are no other transactions related to the bond payable account. what is jon sports' december 31, 2015, bond payable balance?

M. cotteleer electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. one of the components has an annual demand of 235 units, and this is constant throughout the year. carrying cost is estimated to be $1.25 per unit per year, and the ordering (setup) cost is $21 per order. a) to minimize cost, how many units should be ordered each time an order is placed? b) how many orders per year are needed with the optimal policy? c) what is the average inventory if costs are minimized? d) suppose that the ordering cost is not $21, and cotteleer has been ordering 125 units each time an order is placed. for this order policy (of q = 125) to be optimal, determine what the ordering cost would have to be.

Bernard made a gift of $500,000 to his brother in 2014. due to bernard’s prior taxable gifts he paid $200,000 of gift tax. when bernard died in 2019, the applicable gift tax credit had increased. at bernard’s death, what amount related to the $500,000 gift to his brother is included in his gross estate?