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Mademuasel [1]
3 years ago
13

A company purchased new equipment for $48,000. The company paid cash for the equipment. Other costs associated with the equipmen

t were: transportation costs, $1,200; sales tax paid $2,500; and installation cost, $1,700. The cost recorded for the equipment was:___________
Business
1 answer:
brilliants [131]3 years ago
4 0

Answer:

The cost recorded will be $53,400

Explanation:

In this question, we are to give the value of the amount recorded as the cost of the new equipment.

By simply doing some additions, we will be okay.

mathematically, this would be

Cost of equipment recorded = cost of equipment + transportation cost + sales tax + installation cost = 48,00 + 1,200 + 2,500 + 1,700 = $53,400

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Oxana [17]

Answer:

$4500

Explanation:

We can calculate the total change in benefits by deducting the opportunity cost of spending the hours with your family by the annual salary.

Opportunity cost = $20/hour x 200 Additional hours

Opportunity cost = $4000

Total change in benefit = Annual salary - Opportunity cost

Total change in benefit  = $8500 - $4000

Total change in benefit  = $4500

6 0
3 years ago
Sara spends $25 for an all-day ticket to an amusement park. After one ride, it begins to rain and she wishes she had never come.
iren2701 [21]

Answer:

False.

Explanation:

False, it is given that Sara spends $25 for all-day ticket in the amusement park. However, this is a shuck cost that she can not recover. Moreover, she has taken one ride so marginal analysis shows that all his $25 is not wasted. She has utilized some portion of their money so we can not say that she has wasted all his money.

7 0
3 years ago
Precise Electronics Inc. has projected EBIT to be $225,000 for next year. Their tax rate is 21% and there is $`500,000 in equity
777dan777 [17]
the answer is no just took test
4 0
3 years ago
Several years ago, a parent company acquired all of the outstanding common stock of its subsidiary for a purchase price of $400,
Alex787 [66]

Answer:

$750,000

Explanation:

Computation of the balance of the Equity Investment account on the parent's pre-consolidation balance sheet

EQUITY INVESTMENT ACCOUNT

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Add Net income $400,000

Less Dividends ( $50,000 )

Balance of equity $750,000

($400,000+$400,000-$50,000)

Therefore the balance of the Equity Investment account on the parent's pre-consolidation balance sheet assuming that the Goodwill asset has not declined in value subsequent to the date of acquisition will be $750,000

8 0
3 years ago
"A customer calls a registered representative to sell 500 shares of an over-the-counter stock and tells the representative that
lorasvet [3.4K]

Answer:

Not allowed, FINRA prohibits private securities transactions. Trading must be done with the knowledge of your firm in the public securities markets

Explanation:

Since in the question it is mentioned that call of the customer registered the representative for selling off  500 shares over the counter stock and the transactions should be done in privately

here according to the FINRA, it prohibits the transactions in which the person deals in private securities also there should be knowledge in the firm for the securities market held in market

6 0
3 years ago
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