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]
3 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]3 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
The master budget is: a.used for misinformation and coordination. b.broken down into daily budgets. c.typically for a 1-year per
Dennis_Churaev [7]
C! hope this helps i got it right
8 0
3 years ago
Which of the following would not be used to pay for previous credit purchases under the periodic system?
Cerrena [4.2K]
C. Credit to Accounts Payable
4 0
3 years ago
Read 2 more answers
Every dollar flingers saves in purchasing has the same impact as what amount of increased​ sales?
Law Incorporation [45]

Answer:

The $20 amount of sales has increased

Explanation:

The amount of increased sales for the year 2014 is computed as:

Increased sales = Sales / Pre- tax earnings

where

Sales for the year amounts to $10,000,000

Pre- tax earnings for the year amounts to $500,000

Putting the values above:

Increased Sales = $10,000,000 / $500,000

= $20

Here we have to found, the increased sales, so only the sales amount and the earnings is considered while computing or evaluating the same.

NOTE: Here the question is missing as in the items are missing. So, I am providing the same. This is the question:

Flingers Company states the information in their annual report for the year 2014.

Earnings and Expense as:

Sales- $10,000,000

Cost of goods sold -$5,000,000

Pretax earnings -$500,000

Few Items of Balance Sheet

Merchandise inventory - $80,000

Total assets -$2,000,000

8 0
3 years ago
On January 2, 2020, All Good Company purchased 6,000 shares of the stock of Big Bad Company, and DID obtain significant influenc
Yuri [45]

Answer:

$155,000

Explanation:

Calculation to determine the book value of the investment that should be reported at year end by All Good Company

Initial investment (6,000* $10.00 per share) $60,000

Add: Net income ($450,000*30%) $135,000

Less: Dividend ($40,000)

Ending balance of investment $155,000

($60,000+$135,000-$40,000)

Therefore the book value of the investment that should be reported at year end by All Good Company is $155,000

8 0
2 years ago
You are a sales director for a company and have noticed employees are showing up towork dressed inappropriately. customers have
pochemuha
You could say something like "From this day forth all staff in the in-house sales department and <span>the traveling sales department. All men must wear suit and tie, and all women must be dressed in jeans and a long sleeve shirt!?"</span>
8 0
3 years ago
Other questions:
  • Kindzi Co. has preferred stock outstanding that is expected to pay an annual dividend of $4.74 every year in perpetuity. If the
    9·1 answer
  • The principal functions of management are ___.
    15·1 answer
  • If the number of employed is 220,000, the labor force is 250,000, the number of discouraged workers is 15,000, and the number of
    13·1 answer
  • Incurred manufacturing overhead costs a. $6,000 in indirect materials b. $9,200 in indirect labor (credit Wages Payable) c. $4,7
    7·1 answer
  • Over time the average rate of return on stocks is:
    7·1 answer
  • A monthly water bill (in dollars) is a linear function of the amount of water the hose uses (in hundreds of cubic feet, HCF) the
    7·1 answer
  • If your company had an annual purchase cost of items equal to $2,000,000, an annual holding cost of $150,000 and an annual order
    14·1 answer
  • ______ within the marketing channel can provide efficiencies and economies of scale as channel members take on tasks that best u
    8·2 answers
  • You run a pizza delivery service in the greater New York area, delivering to Brooklyn, the Bronx, and Queens. How would you targ
    11·1 answer
  • In the past giving money to charity was the norm, but that is changing. how?​
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!