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mylen [45]
2 years ago
5

Kegler Bowling buys scorekeeping equipment with an invoice cost of $165,000. The electrical work required for the installation c

osts $17,000. Additional costs are $3,400 for delivery and $11,865 for sales tax. During the installation, the equipment was damaged and the cost of repair was $1,600. What is the total recorded cost of the scorekeeping equipment?
Business
1 answer:
Elden [556K]2 years ago
7 0

The scorekeeping equipment amounted to $198,865 recorded as a cost of equipment.

<h3>What is an Equipment?</h3>

The collection of items or physical resources needed to outfit a person or object, such as the tools utilized during a task or operation of sporting goods equipment, all of a corporate enterprise's fixed assets, except land and buildings.

The calculation for the Total recorded Cost

Invoice cost + Installation cost + Additional Cost + Delivey charges + cost of Repair

= 165,000 + 17,000 + 3,400 + 11,865 + 1,600= $198,865

The Total recorded cost is $198,865.

Thus, the total recorded cost consists of all the costs of equipment including the purchase price, applicable sales taxes, shipping charges, and any additional expenses for preparing the item for use.

Learn more about Equipment here:

brainly.com/question/12341371

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Answer:

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Explanation:

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Answer: Decrease the company's use of debt capital because it will decrease the equity multiplier (TRUE)

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EQUITY MULTIPLIER is given as (Total Asset)/(Total shareholders equity). It measures how much of a company's asset is financed by shareholders. A company finances its assets through the combination of shareholder equity and DEBT (liability). Thus, the greater the percentage of debt used in financing asset, the lower the proportion of equity used. In order words, if debt decreases, asset decreases and therefore equity multiplier decreases.

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TOTAL ASSET TURNOVER RATIO is given as (Net sales)/(Total Asset). It measure the effectiveness of an organisation to produce and make sales using its assets. If debt financing is decreased, it lead to a decrease in total asset and then increase (not decrease) in asset turnover ratio (assume net sales does not change)

We had defined equity multiplier above. If we use more debt financing, the proportion of equity in asset reduces, leading to an increase in equity multiplier.

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