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Mamont248 [21]
3 years ago
6

New equipment was purchased by Hunter Corporation at a list price of $94,000, with credit terms of 2/10, n/30. Payment was made

within the discount period and included $7,800 sales tax in addition to the net purchase price. The company also paid delivery charges of $940 and labor costs of $1,380 for installing the new equipment at the appropriate location. During installation, an inexperienced employee punctured several containers with a forklift, causing damage to the equipment. Cost to repair the damage was $1,960. What is the total cost of Hunter's equipment
Business
1 answer:
IRISSAK [1]3 years ago
8 0

Answer:

$102,240

Explanation:

List price $94,000

Less list price credit term(2%×$94,000)$1,880

Balance $92,120

Add: Discount period $7,800

Delivery charges $940

Labor cost $1,380

Total cost $102,240

Therefore the total cost of Hunter's equipment is $102,240

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