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
IRINA_888 [86]
3 years ago
13

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

osts $20,000. Additional costs are $4,000 for delivery and $13,700 for sales tax. During the installation, the equipment was damaged and the cost of repair was $1,850.
What is the total recorded cost of the automatic scorekeeping equipment?
Business
1 answer:
Alex73 [517]3 years ago
3 0

Answer:

$227,700

Explanation:

Invoice cost             $190,000

Electrical and installation  $20,000

Delivery cost                      $4,000

Sales Tax                           $13,700

Total equipment cost        $227,700

repair costs are revenue expenditure therefore they will not be capitalized.

Further sales tax are non refundable ad delivery cost also necessary for making the equipment available for  intended use.

You might be interested in
When zappos​ began, it focused primarily on word of mouth​ (wom) to get its message to people. word of mouth is which of the pro
diamong [38]
The promotion mix element that is facilitated by words of mouth is ADVERTISING. 
Word of mouth advertising is a form of unpaid spread of positive marketing information which move from one person to another. The method involves passing information across to other people by meaning of oral communication.
5 0
3 years ago
Return to questionItem 6Item 6 E8-16 Analyzing and Interpreting Receivables Turnover Ratio and Days to Collect [LO 8-4] FedEx Co
madreJ [45]

<u>Solution and Explanation:</u>

The following formulas will be used in order to calculate the accounts receivable turnover ratio and in order to find out the number of days collect.

Accounts receivable turnover ratio = Net sales divided by Average net Accounts receivable

=\$ 50,370 /[(\$ 7,250+\$ 5,720) / 2]

=\$ 50,370 / \$ 6,485

= 7.77 times

<u>Days to collect</u> = 365 divided by Accounts receivable turnover ratio

= $365  divided by 7.77

= 47 days

<u>Note</u>: The number of days that has been assumed is 365 days

4 0
3 years ago
4) People with few marketable skills are likely to earn much less than people with
antoniya [11.8K]

Answer:

False

Explanation:

Never said what the less experienced persons job was it could be a pilot and get Tons of money there for it would be false

8 0
3 years ago
Under absorption costing a company had the following per unit costs when 10,000 units were produced. Direct labor $ 2 Direct mat
Rudiy27

Answer: Total product cost per unit if 12,500 units = $13.

Explanation:

Given that,

Direct labor = $2

Direct material = $3

Variable overhead = $4

Total variable cost = $9

Fixed overhead ($50,000/10,000 units) = $5

Total product cost per unit = $14

Fixed Overhead at 12500 units = \frac{50000}{12500} = $4

∴  Total product cost per unit if 12,500 units = Total variable cost per unit + Fixed Overhead at 12500 units

= 9 + 4

= $13

6 0
3 years ago
A portfolio manager is considering the purchase of a bond with a 5.5% coupon rate that pays interest annually and matures in thr
dmitriy555 [2]

Answer:

The price of the bond is closest  $101.36  

Explanation:

It is noteworthy that a rational investor pays for a bond today the cash flows derivable from the bonds in future discounted to today's terms.

The future cash flows comprise of the yearly coupon interest of $5.5(5.5% *$100) for 3 years as well as the repayment of the principal $100 at the end of year 3.

To bring the cash inflows today's term, we multiply them  them by the discounting factor 1/(1+r)^N , where is the yield to maturity of 5% and N is the relevant the cash flow is received.

The discounting is done in attached spreadsheet leading $ 101.36  present value today.

Download xlsx
7 0
3 years ago
Other questions:
  • On October 1, Eder Fabrication borrowed $55 million and issued a nine-month, 13% promissory note. Interest was payable at maturi
    11·1 answer
  • For a new small business, it's usually best to have what kind of scope?
    10·2 answers
  • The largest royalty for texas university endowment comes from which economic product?
    14·1 answer
  • A computerized cash payments system that transfers funds without the use of checks, currency, or other paper documents.
    11·1 answer
  • Financing cash flows in the statement of cash flows would include which of the following?
    10·1 answer
  • 12. A company has an EPS of $2.00, a book value per share of $20, and a market/book ratio of 1.2x. what is its P/E ratio
    7·1 answer
  • As the supply of Blu-Ray players has increased over the years and the price of Blu-Ray players has dropped, the _____.
    7·1 answer
  • Higher fixed costs are associated with:_____.
    14·1 answer
  • Walmart is the biggest seller of raw chicken to the top 10 fast food chains in the United States. Walmart
    11·2 answers
  • Which of the following is the most important competitive factor in determining a company's ability to secure contracts to supply
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!