Vipul b Don't upload any image please Current Attempt in ProgressLegend Service Center just purchased an automobile hoist for $32,100. The hoist has an 8-year life and an estimated salvage value of$3,200. Installation costs and freight charges were $3,500 and $800, 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 mechanicsto replace 5 extra mufflers per week. Each muffler sells for $74 installed. The cost of a muffler is $39, and the labor cost to install amuffler is $15.(a)Compute the cash payback period for the new hoist.Cash payback period(b)yearsCompute the annual rate of return for the new hoist. (Round answer to 2 decimal places, e.g. 10.52%.)Annual rate of return%

Cash payback period = initial investment/annual cash flow= (purchase cost+installation cost +freight…

Answered: Legend Service Center just purchased an…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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The return of defective merchandise decreases the amount of receivables from the customer. * True O False Back Next Page 3 of 10 Never submit passwords through Google Forms This form was created inside of Leb Report Abuse
• Off ACC220Chaps16-18SP19 - Protected View O Search A Steven Dorfman ome Insert Page Layout Formulas Data Review View Help A Share P Comments TED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing B D F G H. J 6 Al's Car Wash has two departments, Prepping and Washing. Once a car has been washed, the customer pays by cash or credit card and leaves. The following selected transactions occurred during July of 2018. a. Al purchased Raw Materials of $53,000 b. Raw Materials of $46,000 were requisitioned to the Prepping Department c. $44,000 of costs were transferred to the Washing Department d. $42,000 of fully washed cars were awaiting customer pickup e. Customers picked up all cars that were waiting and Al collected $72,000 for the Prepping and Washing Services Required: Journalize the above transactions Test
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