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
DanielleElmas [232]
3 years ago
14

Granite Company purchased a machine costing $133,000, terms 2/10, n/30. The machine was shipped FOB shipping point and freight c

harges were $3,300. The machine requires special mounting and wiring connections costing $11,300. When installing the machine, $2,800 in damages occurred. Compute the cost recorded for this machine assuming Granite paid within the discount period.
Business
1 answer:
nikitadnepr [17]3 years ago
6 0

Answer:

$144,940

Explanation:

machine costing = $133,000

freight charges = $3,300

special mounting and wiring connections costing = $11,300

Discount rate = 2%

Compute the machine cost as given below:

Machine cost:

= Purchase price × (1 - Discount rate) + Freight charges + Special mounting and wiring connection cost

= 133,000 × (1 - 2%) + $3,300 + $11,300

= $144,940

You might be interested in
The goals of __________ are to determine the work load at which systems performance begins to degrade and to identify and elimin
kondor19780726 [428]
Volume testing does these things
5 0
3 years ago
The ABC Company expects stock prices to decrease. The current stock price is $96. The company purchases a put option, with exerc
Talja [164]

Answer:

Payoff = $2 per share.

Explanation:

In a put option, the long (the party that buy the put) will have gain on the option when the underlying asset price is lower than the excercise price of that asset <em>(imagine the advantage that you can sell a chicken at $12 when it market price of is is only 10)</em>.

Because the stock price is $91, lower than exercise price of 93, so the company should exercise the put. Total payoff per share is 93 - 91 = $2.

<em>Note: We dont include premium to buy the put here because the question asking about payoff. We on include premium in calculations when the question is about profit.</em>

6 0
3 years ago
Suppose that lenders want to receive a real rate of interest of 5 percent and that they expect inflation to remain steady at 2 p
s344n2d4d5 [400]

Answer:

the nominal interest rate is 7%

Explanation:

The calculation of the nominal interest rate is given below:

As we know that

Nominal interest rate is

= Real interest rate + Inflation rate

So,

The nominal interest rate should be

= 5% + 2%

= 7%

Hence, the nominal interest rate is 7%

The same is to be considered and relevant  

5 0
3 years ago
Isadora, a finance manager, is budgeting for the company's new line of production equipment. this equipment, which will be used
Ostrovityanka [42]

Isadora, a finance manager, is budgeting for the company's new line of production equipment. this equipment, which will be used for 20 years or more, is handled out of a(n) <u>capital </u>budget.

When evaluating the profitability of a business opportunity or asset, such as when entering a new market or purchasing new machinery, capital budgeting uses a number of formulas.

The capital budgeting procedure used to decide strategically whether to accept or reject a suggested investment project.

Investors may view a business owner's decision to make a long-term investment without capital budgeting as reckless. You can better comprehend a project's possible risks and rewards by using the capital budgeting analysis.

When pursuing a new investment project, a capital budget can also help with securing additional financing from banks or investors.

To learn more about Capital Budgeting here

brainly.com/question/23719404

#SPJ4

8 0
2 years ago
Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated
Verizon [17]

Answer:

OAR per  Machine Set-ups = $60

OAR per Machining             = $15

OAR per Inspection             = $50

Explanation:

Overhead Absorption Rate (OAR) = Estimated Overhead Costs/ Cost drivers

OAR per  Machine Set-ups =  $150,000/2,500

                                           =  $60 per set-up

OAR per Machining = $375,000/25,000

                                =$ 15 per machine hr

OAR per Inspection = $87,500/1,750

                                 =$50 per inspection

7 0
2 years ago
Other questions:
  • Skoff Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished
    10·1 answer
  • Suppose the corporate tax rate is 35%. Consider a firm that earns $10,000 before interest and taxes each year with no risk. The
    15·1 answer
  • XYZ Company has expected earnings of $3.00 for next year and usually retains 40 percent for future growth. Its dividends are exp
    15·1 answer
  • Chubbs Inc.’s manufacturing overhead budget for the first quarter of 2017 contained the following data.
    14·1 answer
  • YZ Corporation, located in the United States, has an account payable of 750-million yen payable in one year to a bank in Tokyo.
    13·1 answer
  • A put option with several months until expiration has a strike price of $55 when the stock price is $50. the option has _____ in
    13·1 answer
  • Liabilities normally carry a _______ balance and are shown in the ______________. Debit; Balance sheet Debit; Income statement D
    10·1 answer
  • Describe two ways you can demonstrate desirable qualities on the job.
    8·1 answer
  • The following selected data pertain to Flagship Corporation: Cash operating expenses July 1-31$180,000 Depreciation 60,000 Merch
    11·1 answer
  • to obtain approval for the scope document, the project manager will do which of the following activities? a.) review input from
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!