# week 2

### Schneider Trucking Inc. – Semi Truck Depreciation

Depreciation on Semi-Truck Schneider Trucking Inc. purchased a new semi-truck on January 1, 2016 for $200,000. Its useful life is expected to be 4 years and its salvage value is estimated at $25,000. What is the depreciation for 2017 using the declining-balance method at double [...]Read more

### Walk Co – Net Income Generated from Assets Invested

Net Income Generated from Assets Walk Co’s average total assets are $200,000, net sales total to $100,000, and net income is $40,000. How much net income did Walk Co generate for each dollar of assets invested? Solution This is also called the Return on Assets ratio, which [...]Read more

### Brislin company – Gain or Loss on Equipment Sale

Calculating Gain or Loss On June 1, 2017, Brislin company sold some equipment for $22,000. The original cost was $80,000, the estimated salvage value was $8,000, and the expected useful life was 8 years. The equipment was fully depreciated. How much is the gain or loss on the [...]Read more

### Anisha Enterprises – Intangible Asset Amortization

Intangible Asset Amortization Given the following account balances at year end, how much is amortization expense on Anisha Enterprises income statement for the current year if Anisha thinks all of its intangibles should be amortized over ten years? Sales revenue 45,000,000 [...]Read more

### Statistics Guide: A study of long-distance phone calls made from General Electric Corporate Headquarters

In this tutorial, we provide an image of the formatting in an excel spreadsheet. For each problem we show the actual formula to plug into the cell and the result. Student Question: A study of long-distance phone calls made from General Electric Corporate Headquarters in [...]Read more

### Statistics Guide: A normal population has a mean of 19 and a standard deviation of 5.

In this tutorial, we are going to use excel to calculate a z value from a know mean and standard deviation. Student Question: A normal population has a mean of 19 and a standard deviation of 5. Compute the z value associated with 25 To find the z-value at 25, we calculate (25 [...]Read more

### Statistics Guide: Customers experiencing technical difficulty with their internet cable hookup may call an 800 number for technical support

Student Question: Customers experiencing technical difficulty with their internet cable hookup may call an 800 number for technical support. It takes the technician between 150 seconds and 12 minutes to resolve the problem. The distribution of this support time follows the [...]Read more

### Statistics Guide: Solving the January Theory Stock Market Problem

Student Question: According to the “January theory” if the stock market is up for the month of January, it will be up for the year. If it is down in January,it will be down for the year. According to an article in The Wall Street Journal, this theory held for 28 out [...]Read more

### Statistics Guide: Internal Revenue Service is Studying Charitable Contributions

This tutorial requires Microsoft EXCEL for the computation of various statistical value. In order to follow along, please make sure you have a spreadsheet ready to go. Student Question: The Internal Revenue Service is studying the category of charitable contributions. A sample of [...]Read more

### What is the value at the end of year 8 of a $1,200 deposit at the beginning of year 1 and another $800 deposit at the beginning of year 5 if the interest rate is 6%?

Student Question: What is the value at the end of year 8 of a $1,200 deposit at the beginning of year 1 and another $800 deposit at the beginning of year 5 if the interest rate is 6%? In excel, setup a row for each year in the problem. This is necessary because we have the extra [...]Read more