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
Jet001 [13]
4 years ago
8

A company purchased a commercial dishwasher by paying cash of $5,000. The dishwasher's fair value on the date of the purchase wa

s $5,600. The company incurred $400 in transportation costs, $300 installation fees, and paid a $200 fine for illegal parking while the dishwasher was being delivered. For what amount will the company record the dishwasher?
Business
1 answer:
Fed [463]4 years ago
7 0

Answer:

$5,700

Explanation:

Purchased of a commercial dishwasher + Incurred transportation costs+ Installation fees= Total recorded amounts

$5,000 + $400 + $300 = $5,700.

Therefore the amount that the company will record the dishwasher is $5,700 because the parking ticket should be expensed as incurred due to the fact that it is not a cost necessary to get the asset ready for use.

You might be interested in
A process breakdown structure can provide a reasonable alternative to a work breakdown structure for an extensive development pr
Yuki888 [10]

The answer is when the risk planning has been added in the project that is going to be taken on because a process breakdown structure has a way of reaching its goal in means of having to include desired outputs which means even risk planning can be of help in a way to establish and evaluate the goal.

5 0
3 years ago
The safe-harbor provision:​ a. ​none of the above b. ​is part of SOX. c. ​provides lawyers with protection from "up the ladder"
olga nikolaevna [1]

Answer:

The correct answer is letter "A": none of the above.

Explanation:

The safe-harbor law is a regulation that helps defendants to be found not liable on certain situations under certain conditions where according to strict law they were to be responsible. Most of the time, in cases where the law is so unclear or unknown, defendants can be subject to the safe-harbor provision for their liabilities to be forgiven.

5 0
3 years ago
1. Assuming Maria does not really care about her parents’ approval and ignores their assignment, will she be able to receive a c
Amanda [17]

Answer:

Yes she will get the credit card easily.

6 0
4 years ago
Gault Corporation had the following shares of stock outstanding on December 31, 2018:
Andreas93 [3]

Answer:

The total amounts payable to preferred stockholders and common stockholders, respectively, are: $480,000 and $320,000.

Explanation:

Cumulative preferred stock has the dominant right over common stocks in term of receiving cash dividend.

The dividend paid to preferred stock per year is: 100 x 20,000 x 8% = $160,000 and the company owed investor 03 years of dividend ( 2016,2017,2018) with the dividend payable amounted to 160,000 x 3 = $480,000.

The dividend paid to common stock is the left over, after paying to preferred stock holders, which is calculated as $800,000 - $480,000 = $320,000.

So, The total amounts payable to preferred stockholders and common stockholders, respectively, are: $480,000 and $320,000.

5 0
3 years ago
Suppose two athletes each sign 10-year contracts for $80 million. In one case, we’re told that the $80 million will be paid in 1
marusya05 [52]

Answer:

The athlete with equal installments got the better deal.

Explanation:

Two athletes each sign 10-year contracts for $80 million.

In one case, we’re told that the $80 million will be paid in 10 equal installments.

In the other case, the $80 million will be paid in 10 installments, but the installments will increase by 5 percent per year.

The one with equal installments will get $8 million every year.

But the one with increasing installments will get smaller payments initially as his payments were to be increased by 5% each year.

Though the total value of both the annuities will remain the same.

7 0
3 years ago
Other questions:
  • When considering a balanced scorecard that depicts a company from a(n) _____ perspective, the critical HR indicators are employe
    13·1 answer
  • Which of the items listed below are public services commonly found in societies?
    9·2 answers
  • There are five major league baseball markets with more than one team. so far this season, the average combined attendance for th
    11·1 answer
  • What type of law regulates how workers pay and safety?
    6·1 answer
  • Why is body language an important indicator in business meeting
    8·2 answers
  • The concept that motivation can be understood based on a hierarchy of human needs was first introduced by
    8·1 answer
  • According to reinforcement theory, if rewards are removed from behaviors that were previously reinforced, the behaviors are like
    11·1 answer
  • In preparation for developing its statement of cash flows for the year ended December 31, 2018, Millennium Solutions, Inc. colle
    8·1 answer
  • James Smith recorded the following transactions during the month of April. Apr. 3 Cash 1,400 Service Revenue 1,400 16 Rent Expen
    8·1 answer
  • Which sentence in the passage refers to the "analysis" of a given problem?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!