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Kegler Bowling buys scorekeeping equipment with an invoice cost of $165,000. The electrical work required for the installation c

Elden [556K]

The scorekeeping equipment amounted to $198,865 recorded as a cost of equipment.

<h3>What is an Equipment?</h3>

The collection of items or physical resources needed to outfit a person or object, such as the tools utilized during a task or operation of sporting goods equipment, all of a corporate enterprise's fixed assets, except land and buildings.

The calculation for the Total recorded Cost

Invoice cost + Installation cost + Additional Cost + Delivey charges + cost of Repair

= 165,000 + 17,000 + 3,400 + 11,865 + 1,600= $198,865

The Total recorded cost is $198,865.

Thus, the total recorded cost consists of all the costs of equipment including the purchase price, applicable sales taxes, shipping charges, and any additional expenses for preparing the item for use.

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7 0

2 years ago

Universal Containers is experiencing a drop in proﬁtability due to excessive sales discounting. What can Universal Containers do

nika2105 [10]

Answer:

A, D, E

Explanation:

Universal Container can monitor how the discounts are affecting profitability by evaluating the difference between discounted and listed price. They can then reduce the discounts to increase profits if this is the reason for reduced profitability.

If this is not responsible for falling profits, it may be that too many products are available in a sales discounting opportunity. Universal Containers can remedy this by reducing the number of products included in an offer.

Their falling profitability can also be controlled by putting a management approval process in place, ensuring that the effects of a sales discounting plan on profitability are always considered.

5 0

3 years ago

When an economy sacrifices production of consumption goods to produce more capital goods, we would expect that the production po

ira [324]

Answer: b. shift inward

Explanation: The curve is delayed in because although capital goods would increase in the possibilities curve, consumer goods are retracted, so that the fault would have a tendency to lean in closer to zero because consumer goods would not increase in same proportion. This is the same as saying that the production capacity will be limited because to increase the amount of consumer goods produced must be reduced, this way the possibilities curve behaves

8 0

3 years ago

Journalize the following selected transactions for January. Journal entry explanations may be omitted.

ludmilkaskok [199]

Answer:

Jan. 1 Received cash from the investment made by the owner, $14,000.

Dr Cash 14,000

Cr Capital, owner 14,000

Jan. 2 Received cash for providing accounting services, $9,500.

Dr Cash 9,500

Cr Service revenue 9,500

Jan. 3 Billed customers on account for providing services, $4,200.

Dr Accounts receivable 4,200

Cr Service revenue 4,200

Jan. 4 Paid advertising expense, $700.

Dr Advertising expense 700

Cr Cash 700

Jan. 5 Received cash from customers on account, $2,500.

Dr Cash 2,500

Cr Accounts receivable 2,500

Jan. 6 Owner withdrew $1,010.

Dr Withdrawals 1,010

Cr cash 1,010

Jan. 7 Received telephone bill, $900.

Dr Utilities expense 900

Cr Accounts payable 900

Jan. 8 Paid telephone bill, $900.

Dr Accounts payable 900

Cr Cash 900

7 0

3 years ago

The Guardian Express, a community newspaper, has identified a potential new customer segment for its product. What next step sho

mrs_skeptik [129]

Answer:

Option "A" is the correct answer to the following statement.

<u>Conduct Market Research .</u>

Explanation:

The aim of doing consumer research is to arm yourself with the knowledge you need to make intelligent strategic decisions regarding companies, creativity, development and commodity, size, position , and promotion. Brand-Improve the good or service depending on what the clients want rather than need.

To serve the needs of current customers and how they have selected our company over rivals, we use analysis.

Take business choices about your product well educated, and establish effective methods.

4 0

3 years ago