1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
goblinko [34]
1 year ago
11

Anniston Company purchased equipment and incurred the following costs: purchase price of $68,500, cost of trial runs for $400, i

nstallation costs for $325, and sales tax for $3,425.What is the cost of the equipment
Business
1 answer:
Dmitry_Shevchenko [17]1 year ago
3 0

the cost of the equipment is : $72,650

What is incurred?

In accounting, the phrase "incurred" refers to the moment that a transaction or an expense occurs and needs to be documented. To put it another way, it is the precise date that a financial operation occurred and needs to be recorded in the accounting system. Under the accrual method of accounting, the idea of "incurred" is particularly crucial in generally accepted accounting rules. According to this idea, all transactions—regardless of their nature—must be acknowledged (recorded) as soon as they are incurred, regardless of when they were actually paid for. This implies that it is necessary to maintain accurate and trustworthy accounting records.

Learn more about incurred with the help of given link:-

brainly.com/question/26811193

#SPJ4

You might be interested in
IBM purchased MRO Software Inc. for $740 million. MRO was a niche provider of software and services to help customers including
Elza [17]

Answer:

acquisition

Explanation:

Since in the question it is mentioned that IBM buy MRO software Inc for $740 million where the MRO is a niche provider that help the customers. While on the other hand the IBM plans to fold MRO into the unit of software

So, this is an example of the acquisition as IBM buy the MRO software

hence, the same is to be considered

6 0
3 years ago
Which type of business is likely to have purchasing activities related primarily to consumable goods rather than products that w
lilavasa [31]

Answer:

service-oriented business

Explanation:

Ape.x verified

5 0
3 years ago
Consider the following marginal cost function. a. Find the additional cost incurred in dollars when production is increased from
weqwewe [10]

Answer:   (a) $197,500

(b) $ 189,500

Explanation:

Given : The marginal cost function : C′​(x)=4000−0.4x

To find the cost function, we need to integrate the above function with respect to x.

Now, the additional cost incurred in dollars when production is increased from 100 units to 150 units will be:-

\int^{150}_{100}\ C'(x)\ dx\\\\=\int^{150}_{100} (4000-0.4x)\ dx\\\\=[4000x-\dfrac{0.4x^2}{2}]^{150}_{100}\\\\=[4000(150)-\dfrac{0.4(150)^2}{2}-4000(100)+\dfrac{0.4(100)^2}{2}]\\\\=[600000-4500-400000+2000]\\\\=197500

Hence, the additional cost incurred in dollars when production is increased from 100 units to 150 units= $197,500

Similarly,  the additional cost incurred in dollars when production is increased from 500 units to 550 units :-

\int^{550}_{500}\ C'(x)\ dx\\\\=\int^{550}_{500} (4000-0.4x)\ dx\\\\=[4000x-\dfrac{0.4x^2}{2}]^{550}_{500}\\\\=[4000(550)-\dfrac{0.4(550)^2}{2}-4000(500)+\dfrac{0.4(500)^2}{2}]\\\\=[2200000-60500-2000000+50000]\\\\=189,500

Hence, the additional cost incurred in dollars when production is increased from 500 units to 550 units = $ 189,500

4 0
3 years ago
Describe the difference between a fixed-quantity (Q) and a fixed-period (P) inventory systems and provide an example for each.
sergeinik [125]

Answer and Explanation:

The fixed quantity inventory system, the quantity of an order or the lot size is fixed in nature i.e. the similar amount means the quantity is ordered each and every time. It could be managed by continonusly watching the level of inventory. Example - economic order quantity

On the other hand, the fixed period inventory system is a system in which the inventory is to be checked at fixed inventory. It is same as the periodic reveiw system instead of the continuous basis. Example - drugstore

7 0
3 years ago
Daniel derives utility from only two goods, cake (Qc) and donuts (Qd). The marginal utility that Daniel receives from cake (MUc)
Agata [3.3K]

Answer:

240= 3Qc + 3Qd  

Explanation:

The computation of the Daniel's budget constraint is shown below;

Given that

Daniel's income= $240

Price of cake (Pc) =$3

Price of donuts (Pd) =$3

So spending on cake = 3Qc

And,

Spending on donut= 3Qd

Finally

Total spending = 3Qc + 3Qd

Now the equation of budget constraint is

Income= (quantity of cake)(price of cake) + ( quantity of donut)(price of donut)

So,  

Income= Qc Pc+ Qd Pd

240= 3Qc + 3Qd  

4 0
2 years ago
Other questions:
  • An important consideration for an employee trying to decide whether or not to participate in a nonqualified deferred compensatio
    13·1 answer
  • Coca-Cola acquired its bottlers and created a national vertically integrated business operation in 2010. After spending 12.3 bil
    6·1 answer
  • What are two examples of document recognized in every state?
    5·1 answer
  • What effect does the entry of new firms have on the economic profits of existing​ firms? When new firms enter a monopolistically
    8·1 answer
  • Assume there are no prospective investment projects (I) that will yield an expected rate of return (r) of 25 percent or more, bu
    15·1 answer
  • Her neighbor could not afford to repair the roof on her house, so tijuana secretly hired and paid for a contractor to repair the
    15·1 answer
  • Goods sold to Mahesh Rs 20000 journal entries​
    15·1 answer
  • Ray Wilson is Quality Manager of the Tiffin, Ohio, plant of North-West Electric, a manufacturer of electrical components. Some N
    13·1 answer
  • Amelie received an email that claimed to be from a Nigerian prince who needed help setting up
    12·1 answer
  • Which best describes the relationship between total utility and marginal utility?.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!