The owner of Firewood To Go is considering buying a hydraulic wood splitter which sells for $77,000. He figures it will cost an additional $92 per cord to purchase and split wood with this machine, while he can sell each cord of split wood for $135. If, for this machine, design capacity is 50 cords per day, effective capacity is 44 cords per day, and actual output is anticipated to be 38 cords per day, what would be its utilization? (Provide your answer with a number only. Round your answer to two decimal points.)

On december 31, 2013, coronado company issues 173,000 stock-appreciation rights to its officers entitling them to receive cash for the difference between the market price of its stock and a pre-established price of $10. the fair value of the sars is estimated to be $5 per sar on december 31, 2014; $2 on december 31, 2015; $10 on december 31, 2016; and $8 on december 31, 2017. the service period is 4 years, and the exercise period is 7 years. prepare a schedule that shows the amount of compensation expense allocable to each year affected by the stock-appreciation rights plan.