1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Suppose Charlene Brewster has timesâ (in seconds) of 8.5â, 8.5â, 8.3â, 8.6â, 8.7â, 8.4 and a performance rating of 85â%.
professor190 [17]

Answer:

1. 10s

2. Slower than normal

Explanation:

1. To calculate the normal time, we first take the average of Charlene's observed times:

Average of Charlene's observed time = \frac{(8.5+8.5+8.3+8.6+8.7+8.4)}{6}= 8.5s

Her normal time is therefore: \frac{Average of Charlene's observed time}{performance rating} = \frac{8.5}{0.85} = 10s

2. Since no of Charlene's observed time is higher than normal time of 10s, we can therefore conclude that her work perfomance should be rated as slower than normal.

7 0
3 years ago
M. Bot Corporation has 10,000 shares of 8%, $100 par value, cumulative preferred stock outstanding at December 31, 2022. No divi
Andru [333]

Answer:

$135000

Explanation:

Given: Outstanding cumulative preferred stock of 10000 shares of 8% at $100

            Dividend paid= $375000.

Now, calculating preferred stock.

Preferred stock= (10000 shares\times $100\times 8\%)= \$ 80000

∴ Preferred stock= $80000

Cumulative dividend paid to shareholder= (80000\times 2 + 80000) = \$ 240000.

∴ Cumulative dividend paid to shareholder= $240000

Next, computing the amount of dividends will common stockholder receive.

Total dividend paid= $375000.  

Dividend received by common stockholder= (\textrm {Total dividend paid - cumulative dividend paid})

⇒ Dividend received by common stockholder= (375000-240000)= \$ 135000

∴ $135000 dividend will be received by common stockholder.    

7 0
3 years ago
How does the trade benefit the society?
alexdok [17]

Answer:

<em>Trade is critical to America's prosperity - fueling economic growth, supporting good jobs at home, raising living standards and helping Americans provide for their families with affordable goods and services.</em>

4 0
3 years ago
Quality improvement teams are groups of people from various work areas who define, analyze, and solve common production problems
pantera1 [17]

Answer: True

Explanation:

The quality improvement teams are groups of employees that are from various departments who come together and meet regularly in order to define, analyze, and then solve common production problems.

The aim of the quality improvement team is to improve the production process. This is achievable by them working on their methods.

4 0
3 years ago
The following transactions occurred during 2021 for the Beehive Honey Corporation: Feb. 1 Borrowed $25,000 from a bank and signe
Rom4ik [11]

Answer: Please see answers in explanation column

Explanation:

1.The Journal entries are as follows

1. To record amount borrowed

Date account title        Debit                            Credit

Feb 1   Cash                           $25,000

         Notes payable                                                $25,000

 

2. To record prepaid insurance

Apr 1 Prepaid insurance         $6,200

                  Cash                                                             $6,200

 

3. To record supplies purchased

July 17 Supplies                         $4,100

         Account payable                                                       $4,100  

4 To record money lent to customer

Nov 1 Notes receivable                   $9,900

             Cash                                                                         $9,900

2)Adjusting entry    are as follows

1.To record accrued interest

Date account title               Debit                         Credit

Dec 31 Interest expense       $2,750

            Interest payable                                                 $2,750

Calculation

Interest expense = principal x rate x period

$25,000 x 12% x 11/12 = $2,750

 

2)To record insurance expense

Date account title               Debit                         Credit

Dec 31 Insurance expense $2,325

Prepaid insurance                                                                  $2,325

Calculation

Insurance expense = amount on insurance x period

$6,200 x 9/24=$2,325

3.To record supplies expense

Dec 31 Supplies expense                 $2,200

                       Supplies                                                       $2,200

Calculation

Amount purchased - amount remaining on   hand

=$4,100 -$1,900=$2,200

4. To record interest  received from customer

Dec 31 Interest receivable        $165

             

                Interest revenue                                                        $165

Calculation

Interest receivable  = principal x rate x period(Nov-DEC )

$9,900 x 10% x 2/12 = $165

7 0
3 years ago
Other questions:
  • Bob Hanson emphasizes that sending MBSC employees to seminars on a regular basis is highly motivating. It’s possible that for so
    5·1 answer
  • In a task assignment situation, in how many different ways can five jobs be assigned to five machines if each job must be assign
    10·1 answer
  • The minimum insurance required is ______ for personal injury or death to any one person, ______ for death or injury to more than
    12·1 answer
  • A lighthouse might be considered a private good if A. the owner of the lighthouse is able to exclude beneficiaries from receivin
    12·1 answer
  • SCI just paid a dividend of $2.16 per share, and its annual dividend is expected to grow at a constant rate of 4.50% per year. I
    14·1 answer
  • The risk-free rate is 2.2 percent and the market expected return is 11.9 percent. What is the expected return of a stock that ha
    5·1 answer
  • Company A produces paper and sells it to Company B for a total of $183. Company B uses the paper to make books and then sells th
    6·1 answer
  • abuat Corporation, which has only one product, has provided the following data concerning its most recent month of operations: S
    10·1 answer
  • James would like to create a sole proprietorship operating under the name Super
    13·1 answer
  • There is one mistake in each of the following sentences. Find and correct them.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!