Answer:
The correct answer is $18920.
Explanation:
Boone Company purchased a piece of machinery by paying $18,000 cash.
In addition to the purchase price, the company incurred $800 freight charges.
Estimated useful life of the machine is 5 years and will require $600 for insurance over that period.
So insurance money for a year = $ ( ) = $120.
Boone Company would record the cost of the machine at $ ( 18000+ 800+ 120) = $ 18920.
Answer:
Remote enter keys shall be further processed in order to decrease the amount of loss by $11,000.
Explanation:
As in the given case,
Number of units = 500
Carrying cost = $80,500
Cost per unit = 80,500/500 = $161
In case of scrap for the price of $4,000
Scrap price per unit = $4,000/500 = $8
Thus, loss per unit in case of scrap = $161 - $8 = $153
In case inventory is further processed
Total cost = $80,500 + $19,000 = $99,500
Cost per unit = $99,500/500 = $199
Revenue earned = $34,000
Revenue per unit = $34,000/500 = $68
Thus, loss per unit in case of further processing = $199 - $68 = $131
Therefore the inventory shall be processed in order to save the total loss of $153 - $131 = $22 per unit
Total loss saved = $22 500 = $11,000
Answer:
The complete question is given in the explanation box below and the solutions to the problem is shown in the pictures attached herewith accordingly. Thank you.
Explanation:
a. Determine the degrees of freedom for this test.
b. Compute the test statistic.
c. Compute the p-value.
d. What is your conclusion? Let α = .05.
