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dangina [55]
4 years ago
12

Danube Corp. purchased a used machine for $ 10 comma 000. The machine required installation costs of $ 4 comma 000 and insurance

while in transit of $ 500. At which of the following amounts would the machine be​ recorded? A. $ 10 comma 000 B. $ 14 comma 500 C. $ 14 comma 000 D. $ 10 comma 500
Business
1 answer:
melamori03 [73]4 years ago
7 0

Answer:

The correct answer is B. $14,500

Explanation:

According to the accounting concept, the machines cost includes all those cost which is related to the machine like -  purchase cost of machine, installation cost of machine, insurance cost,etc.

So,

Total cost of machine = Purchase cost of machine + installation cost of machine +  insurance cost

= $10,000 + $4,000 + $500

= $14,500

Hence, the total machine cost is $14,500 which is to be recorded in the financial statements.

Thus, the correct answer is B. $14,500

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Income elasticity of demand= 1/7000*100%=0.01

4 0
3 years ago
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Cullumber Corporation purchased 37000 shares of common stock of the Sherman Corporation for $52 per share on January 2, 2020. Sh
yawa3891 [41]

Answer:

Revenue from investment = 229,400

Explanation:

Given:

Purchased shares = 37,000

Value per share = $52

Sherman Corporation total shares = 100,000

Cash dividends = $162000

Net income = $620000

Find:

Revenue from investment = ?

Computation:

Revenue from investment = Net income (Purchased shares / Sherman Corporation total shares)

Revenue from investment = $620000 (37,000 / 100,000)

Revenue from investment = 229,400

7 0
3 years ago
When a visitor who has an appointment arrives, you should
pav-90 [236]

If a visitor arrives and they have an appointment, you should A. make the visitor feel comfortable and visit with him or her until it is time for the visitor's appointment.

<h3>What should you do when a visitor has an appointment?</h3><h3 />

In customer service, the visitor should be made to feel comfortable while they wait for their appointment as this is not only the right thing to do, but it gives the visitor the right impression about the company.

There are several ways to make a visitor feel comfortable such as:

  • Offering them a seat in a waiting area.
  • Offering refreshments such as water or a non-alcoholic beverage.
  • Ensuring that reading material is available to keep the visitor company.

You should also endeavor to keep checking in on them and giving them updates about their meeting, while they wait for their appointment time to reach.

In conclusion, when a visitor with an appointment arrives, you should A.  make the visitor feel comfortable and visit with him or her until it is time for the visitor's appointment.

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3 0
2 years ago
Journalize the entries to record the following.
vredina [299]

Answer:

Explanation:

The journal entries are shown below:

1. Petty cash A/c $1,100

       To Cash A/c $1, 100

(Being the petty cash fund is established)

2. Office supplies A/c Dr $614

   Miscellaneous selling expense A/c Dr $200

   Miscellaneous administrative expense A/c Dr $145

   Cash short and over A/c $26

             To Petty cash A/c $985

(Being the expenses are recorded)

The Cash short and over is computed below:

= $1,100 - $115- $614 - $200 - $145

= $26

4 0
3 years ago
Margaret has been invited to a fancy dinner party and wants to bring a good bottle of wine as a gift for the host. Since she doe
Fynjy0 [20]

Answer:

b. an indicator of quality.

Explanation:

Margaret has been invited to a fancy dinner party and wants to bring a good bottle of wine as a gift for the host. Since she does not know much about wine, she will likely use the price of the wines as an indicator of quality.

Value-based pricing is a strategy of setting prices primarily <u>based on a consumer's perceived value of a product or service. </u>

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3 years ago
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