Answer:
machine enter the accounting at <em> 138,210 dollars</em>
Explanation:
cost: 128,000 x ( 1 - 3%) = 124,610
shipping cost: 2,800
installation cost: <u> 10,800 </u>
total incurred cost
to leave the machine
ready for use: <em> 138,210</em>
<em />
<em>The damge are expenses for the period as they arent a necessary cost to utilize the machine.</em>
<em>The company used the discount price over the list price as this is the atual cost incurred</em>
Answer:
$22,500
Explanation:
KL Corp
Cash ($15×$10,000 85%) $127,500
Compensation expenses ($15×$10,000×15%) $22,500
Common stock ($15×$10,000) $150,000
Therefore KL will record compensation expense associated with the May purchases of $22,500
Complete question:
Bradley currently has a Visa card from his bank with the following terms: 21 percent on purchases, 25 percent on cash advances with a 3 percent cash advance fee on the amount, and a default or penalty rate of 33 percent. His current statement shows a balance of $9,000. Lately, he has been having a hard time paying more than the minimum payment of 3 percent of his balance.
What is Bradley's minimum payment?
A) $158
B) $189
C) $270
D) $1,890
Answer:
Bradley's minimum payment is (C) $270.
<h3>What is the percentage?</h3>
- A percentage is a fraction of a whole expressed as a number between 0 and 100.
- Nothing is zero percent, everything is 100 percent, half of everything is fifty percent, and nothing is zero percent.
- To calculate a percentage, divide the share of the total by the total and multiply by 100.
<h3>Solution -</h3>
Given - 21 percent on purchases, 25 percent on cash advances with a 3 percent cash advance fee on the amount, and a default or penalty rate of 33 percent. His current statement shows a balance of $9,000. Her minimum payment is 3 percent of the balance.
So, to find the minimum payment find 3% of $9000.
3% of $9,000 = $270.
Therefore, Bradley's minimum payment is (C) $270.
Know more about percentages here:
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