2) A and Z Transport Limited operate a transport service that plies between Accra a Ada which are 60 kilometres apart. One of its tracks carts goods three times a day to
from Ada for four weeks. Each week is made up of 5 working days.
The following information relate to the operations of the track for the month of Jun
2014:
Cost of track
GH¢39,700
Life span of track
260,000 kg
Scrap value of track
GH¢,700
Track licensing cost GH¢540 per annum
Cost of a set of tyresGH¢5,400
Life span of tyres 15,000 kg
Diesel consumption
10km per gallon
Cost of diesel per gallon
GH¢5.20
Engine oil
GH¢15 per week
Handling cost
GH¢60 per week
Maintenance on track
GH¢144 per week
Insurance
GH¢900 per wee
Wages of driver
GH¢481 per mon
Wages of two driver's assistants
GH¢40 each per weck
Other service costsGH¢7,800 per annum
You are required to prepare a statement showing the total operating cost of the tr
he month of June 2014.​

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.

Adamson company manufactures four lines of garden tools. as a result of an activity analysis, the accounting department has identified eight activity cost pools. each of the product lines is produced in large batches, with the whole plant devoted to one product at a time. classify each of the following activities or costs as either unit-level, batch-level, product-level, or facility-level. activities (a) machining parts. (b) product design. (c) plant maintenance. (d) machine setup. (e) assembling parts. (f) purchasing raw materials. (g) property taxes. (h) painting.

Match the terms with their correct definition. terms: 1. accounts receivable 2. other receivables 3 debtor 4. notes receivable 5. maturity date 6. creditor definitions: a. the party to a credit transaction who takes on an obligation/payable. b. the party who receives a receivable and will collect cash in the future. c. a written promise to pay a specified amount of money at a particular future date. d. the date when the note receivable is due. e. a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. the right to receive cash in the future from customers for goods sold or for services performed.