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
Ede4ka [16]
3 years ago
9

Kegler Bowling installs automatic scorekeeping equipment with an invoice cost of $190,000. The electrical work required for the

installation costs $20,000. Additional costs are $4,000 for delivery and $13,700 for sales tax. During the installation, a component of the equipment is carelessly left on a lane and hit by the automatic lane-cleaning machine. The cost of repairing the component is $1,850 What is the total recorded cost of the automatic scorekeeping equipment?
Included DR Machinery Excluded DR Expense Total cost
Total cost Included Excluded DR Machinery DR Expense
Invoice cost 190,000
Electrical work required for installation 20,000
Delivery costs 4,000
Sales tax 13,700
Repair costs 1,850
Total $ 229,550
Business
1 answer:
Ulleksa [173]3 years ago
7 0

Answer:

The cost recorded for the equipment=$229,550

Explanation:

The total recorded cost of the automatic equipment has to include the purchase cost and other additional associated costs that come with the equipment. This can be expressed as;

T=P+A

where;

T=total cost

P=purchase cost/invoice cost

A=additional costs(electrical work cost+delivery cost+sales tax+repair cost)

In our case;

T=unknown

P=$190,000

A=(20,000+4,000+13,700+1,850)=$39,550

replacing;

T=190,000+39,550=229,550

The total cost=$229,550

The cost recorded for the equipment=$229,550

You might be interested in
Consider a two-period resource allocation problem where the efficient allocation of the resource implies a market price of $10 i
RideAnS [48]

Answer:

$10.80

Explanation:

Given that:

A first-period efficient allocation cost = $10

The constant marginal extraction cost  MEC for both periods = $2

The social discount rate (r) = 10%

∴

The efficient undiscounted market price for the 2nd period can be determined by using the formula:

P_1 - MEC_1 = \dfrac{P_2 -MEC_2}{1+r} \\ \\  \implies 10 -2 = \dfrac{P_2-2}{1+0.1} \\ \\ 8 = \dfrac{P_2-2}{1.1} \\ \\ P_2 -2 = 8 \times 1.1 \\ \\ P_2-2=8.8 \\ \\ P_2 = 8.8+2 \\ \\ \mathbf{P_2 = \$10.80}

3 0
3 years ago
(Economics) Under what circumstances would corn be considered a commodity?
fgiga [73]

Answer:

C. If you traded it.

Explanation:

3 0
3 years ago
The development of an internationally distributed collection of multimedia files addressed using universal resource locators led
disa [49]

The development of an internationally distributed collection of multimedia files addressed using universal resource locators led to the world-wide web (www).

Tim Berners-Lee, who was an English scientist invented the World Wide Web (WWW) in 1989. The global information medium, accessed by the use of internet, where documents and other web resources are recognized and it is also refers to the collection of public websites. Web and Internet are different terms, they are mostly misunderstood.
4 0
3 years ago
• Land
Dafna1 [17]
B. I hope this helps.
8 0
3 years ago
At a growth (interest) rate of 8 percent annually, how long will it take for a sum to double? To triple? Use Appendix A for an a
Yanka [14]

Answer:

n =   ㏒ P ÷ ㏒ (1.08)

Explanation:

Compound interest rate

A = P × (1 + r)^{n}

where

P = principal amount (the initial amount you borrow or deposit)

r  = annual rate of interest (as a decimal)

A = amount of money accumulated after n years, including interest.

n  =  number of years

Since we want the principle amount to double i.e., A = 2P

put this in above equation

2P = P × (1 + r)^{n}

divide both sides by P, we get

P = (1 + r)^{n}

put r = 0.08

P = (1 + 0.08)^{n}

P = (1 .08)^{n}

Taking log on both sides

㏒ P =㏒ (1 .08)^{n}

㏒ P = n ㏒ (1.08)

n =   ㏒ P ÷ ㏒ (1.08)

8 0
3 years ago
Other questions:
  • Smoltz Motors has plants around the country that specialize in specific models of cars. Smoltz has determined that lower demand
    5·1 answer
  • Bountiful company had sales of $650,000 and cost of goods sold of $200,000 during a year. the total assets balance at the beginn
    7·1 answer
  • Jimmy Company uses the weighted-average method in its process costing system. The ending work in process inventory consists of 9
    10·1 answer
  • Breakeven and leverage wingler communications corporation (wcc) produces premium stereo headphones that sell for $28 80 per set,
    14·1 answer
  • If an account is collected after having been previously written off:
    10·2 answers
  • 1. The following costs were incurred in September:
    7·1 answer
  • The term applied to the amount of cost to transfer to expense resulting from a decline in the utility of intangible assets is:__
    14·1 answer
  • M Corporation has provided the following data concerning an investment project that it is considering: Initial investment $ 380,
    8·1 answer
  • Oriole Corporation reported the following for 2020: net sales $1,235,200, cost of goods sold $721,800, selling and administrativ
    9·1 answer
  • A large city zoo provides jobs for over 370 full-time employees and about 600 seasonal workers. The zoo consists of traditional
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!