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crimeas [40]
3 years ago
9

Schrock Company purchases a new delivery van for $60,000. The sales taxes are $4,500. The logo of the company is painted on the

side of the van for $1,200. The van's annual license is $120. The van undergoes safety testing for $220. What does Schrock record as the cost of the new van?
Business
1 answer:
Natasha_Volkova [10]3 years ago
5 0

Answer:

Schrock record the $65,920 as the cost of the new van

Explanation:

The computation of cost of the new van is computed below:

= Purchase cost + sales tax + logo cost + safety testing cost

= $60,000 + $4,500 + $1,200 + $220

= $65,920

where,

Purchase cost is $60,000

Sales tax is $4,500

Logo cost is $1,200

Safety testing cost is $220

The van annual license is not included in the cost of new wan. Thus, it is not consider in the computation part.

Hence, Schrock record the $65,920 as the cost of the new van

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Global Corp. wants to launch a new product. The determinant attributes for the product were identified, and the range for each s
Doss [256]

Answer: Trade off analysis

       

Explanation: In simple words, it refers to the decision making technique under which the decision maker gives up one thing for gaining the other.

    In the given case, Global corp. were asking their consumers to prioritize the attributes they were expecting from the new product. The higher demanded attribute would have been added and the lower one will be neglected.

Hence from the above we can conclude that the correct answer is trade off.

3 0
3 years ago
Matching is:
kvasek [131]

Answer:

2. A result of recognizing revenues and expenses that arise from the same transaction.

Explanation:

Matching is a concept in accounting which favors the accrual accounting over cash basis of accounting.

It is a concept in which the cost incurred during the course of carrying out some activities that generate revenue is match to the revenue generated.

Hence Matching is a result of recognizing revenues and expenses that arise from the same transaction.

3 0
3 years ago
In what ways has technology changed the workplace of people across the world?
GREYUIT [131]
Technology has changed the workplace a lot. First of all, people can work from virtually anywhere where there's internet connection. It means people can work on the go or from home almost all the time. This has allowed many companies to relocate many offices to their staff's homes, leading to substantial cuts in operation costs, to more flexibility and conviviality at the workplace.
5 0
3 years ago
Suppose the United States has two​ utilities, Commonweath Utilities and Consolidated Electric. Both produce 20 million tons of s
Nookie1986 [14]

Answer:

​$4,000 million per year

Explanation:

Calculation for what will be the cost of eliminating half of the pollution to​ society

Cost of eliminating = (200 per ton x 20 million tons)

Cost of eliminating = ​$4,000 million per year.

Therefore the cost of eliminating half of the pollution to​ society will be ​$4,000 million per year.

8 0
3 years ago
Partners, LLC members and S Corporation shareholders are not taxed on the amount they withdraw from the entity in a nonliquidati
kati45 [8]

Answer:

Partners: True

LLC: True

S Corporation: False

Explanation:

When dividends are withdrawn from a business tax is only due on a S Corporation because the tax paid for the profits of an organization is not by the stockholder withdrawing the dividends which is why when dividend is withdrawn the tax is to be paid.

When dividends are withdrawn in a partnership or and LLC then no tax is payable as tax is already paid on the profits made by the business that is why dividends are not taxable when withdrawn.

7 0
3 years ago
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