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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

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At the minimum wage (set above the equilibrium wage),
dimulka [17.4K]
C. None of the individuals who end up working are paid more than if the were paid the equilibrium wage.
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3 years ago
Which of the following are pros and/or cons of using a market system to produce and distribute health care?
irakobra [83]

Answer:

<em>options B, D</em>

Explanation:

When a market system is used to determine what healthcare products to produce and distribute <em>we expect;</em>

<em>1. that these medical devices and services from the suppliers  would be  given only to those who are willing and able to pay for them. and</em>

<em />

<em>2. Since the buyers have a say what healthcare services and products they need hospitals and doctors would at least to satisfy the tastes of buyers.</em>

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3 0
3 years ago
Neal and Ned spend $25,000 on travel, surveys, and financial forecasts toinvestigate the possibility of opening a bagel shop in
vlabodo [156]

Answer:

a. The $25,000 is deductible as a current expense.

b. The $25,000 is still deductible as a current expense.

Explanation:

a.They open a bagel shop in the city?

The $25,000 spent on travel, surveys, and financial forecasts will be treated as an an ordinary and necessary business expense. The reason is that it is spent to carry out an investigation necessary for expanding their already existing business. Therefore, the $25,000 is deductible as a current expense.

b. They decide not to open a bagel shop in the city?

It does not matter whether they open the bagel shop in the city or not. The $25,000 spent on investigation will still be treated as an an ordinary and necessary business expense, since it is spent to expand existing active business. The $25,000 is still deductible as a current expense.

7 0
3 years ago
_____ focus primarily on the creation and sale of securities to help companies, governments, and large institutions achieve thei
I am Lyosha [343]

Investment banks focus primarily on the creation and sale of securities to help companies, governments, and large institutions achieve their financing objectives.

<h3>What are Investment Banks?</h3>
  • A provider of financial services that serves as a middleman in significant and intricate financial transactions is known as an investment bank.
  • When a young firm is ready to launch its Initial Public Offering (IPO) or when a company combines with a rival, an investment bank is typically engaged.
  • Additionally, it serves as a financial advisor or broker for major institutional clients such as pension funds.
  • An investment bank's advising division receives compensation for its services. Based on how well the trading division does on the market, commissions are earned.
  • As previously mentioned, many also have retail banking divisions that generate revenue by lending money to individuals and companies.

To learn more about Investment banks refer to:

brainly.com/question/15390021

#SPJ4

7 0
2 years ago
The Prime Minister of Transylvania prefers darkened rooms, flinches in bright light, and has unusually long incisors. Despite hi
valina [46]

Answer: Confirmation bias.

Explanation:

The political opponents of the Prime Minister of Transylvania have a confirmation bias towards him, where they believe he is a vampire based on some evidences they posses. A confirmation bias is a form of interpretation of events based on ideas an individual has beforehand about those events, even when the ideas are not completely correct.

5 0
3 years ago
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