Given:
<span>cash price $65,000
sales taxes 3,600
insurance during transit 640 i
nstallation and testing 860
total costs $70,100
Presto will record the acquisition cost of the equipment as $70,100.
Acquisition cost is the cost of buying an equipment as well as the cost paid in making sure that the equipment is in working order. A cost is recognized as a part of an acquisition cost when its absence is detrimental to the purchase of the item. </span>
They may ask you for a face to face interview to get to know you personally and ask you questions. so you need to be prepared. You may be asked you grade point average and if you were in any sports or school clubs while you were in high school.
Answer:
Option A is the correct answer,no adjustment is needed.
Explanation:
When related companies sell to each other,the sales transaction is not sales in actual sense,as it is likened to the left hand of an individual exchanging cash with the right hand,in other words, the cash is still owned by the same person.
The same concept is applicable to subsidiaries and parent,the sales recorded from a group perspective is when they sold to external third parties.
When sales happen between related companies, a provision for unrealized profits has to be made to the tune of inventory purchased from related companies not yet sold externally,as the whole of the goods have been to third parties, no such provision or adjustment is required.
Answer:
40 air conditioners
60 fans
Explanation:
If the conditions are as follows:
Each air conditioner takes 3 hours of wiring and 2 hours of drilling.
Each fan must go through 2 hours of wiring and 1 hour of drilling.
During the next production period, 240 hours of wiring time are available and up to 140 hours of drilling time may be used.
Each air conditioner sold yields a profit of $25.
Each fan assembled may be sold for a $15 profit.
False Its not unlimited its going to end at some time or another