Answer:
The multiple choices missing from the question are:
a. $60,000.
b. $50,000.
c. $57,000.
d. $59,000.
Option D,$59000 is correct
Explanation:
The recorded cost of the equipment is made of purchase cost,the sales tax since it is not recoverable,shipping cost as well as the installation cost.
The recorded cost is computed thus:
Purchase price $50,000
sales tax $4,000
shipping $3,000
installation $2,000
total cost $59,000
The rationale for including shipping and installation costs is that asset cost should include cost of bringing the asset to current location(shipping) and condition(installation)
Answer:
<em>End up losing because it is legally binding the clause that would limit the statute of limitations to 18 months.</em>
Explanation:
Within UCC 2-725, in cases that involve the exchange of goods, a 4-year restriction law applies. The parties can reduce the duration to not less than 1 year (but not extend it).
When a delivery tender is made, an action for violation of warranty accrues (the statute begins to run).
However if the warranty specifically applies to future performance and violation disclosure must postpone that performance, the penalty will occur when the breach is discovered or should have been discovered.
Answer: management information system (MIS)
Explanation: The Management Information System is a key part of an organization which is responsible for the maintaining the ordering and arrangement of operations in an organization. The management information system requires a compilation of necessary information stored in a database in other to effectively coordinate operations of an organization such as employee scheduling, shift timing, information analytics and display of acquired information in readable and interpretable format. They provide regular information about the routine operation of the organization based on gathered data in the company's database.
C is hit by a falling swinging flying or rolling object.