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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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sukhopar [10]

Answer:

B. Human Resource

Explanation:

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Factory Workers work in manufacturing or processing facilities, are good with their hands, and execute repetitive duties. Factory workers are hence are a human resource.

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3 years ago
Which of the following situations is the demand most likely to be reduced
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Answer:

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3 years ago
Select the correct answer. who makes decisions regarding changes in the discount rate? a. the president b. the board of governor
Taya2010 [7]

The correct answer is option B.

The board of governors make decisions regarding changes in the discount rate.

<h3><u>What is board of governors?</u></h3>
  • The Federal Reserve System is governed by the Board of Governors, which is based in Washington, D.C.
  • It is governed by seven individuals, known as "governors," who are appointed by the American president and approved in their roles by the American senate.
  • In order to advance the objectives and carry out the duties assigned to the Federal Reserve by the Federal Reserve Act, the Board of Governors directs how the Federal Reserve System is run.
  • The FOMC, the section of the Federal Reserve that determines monetary policy, includes all of the Board members.
  • The periods of each member of the Board of Governors are staggered so that one term ends on January 31 of every even-numbered year. Each member is appointed to the position for a 14-year period.

When the Reserve Banks lend to depository institutions and others, as well as when they offer financial services to depository institutions and the federal government, the Board also offers general oversight, direction, and counseling.

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5 0
1 year ago
luebke incorporated has provided the following data for the month of november. the balance in the finished goods inventory accou
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The adjusted cost of goods sold that would appear on income statement for November is $247,900.

<h3>What is an income statement?</h3>

One of a company's financial statements, an income statement or profit and loss account (also known as a profit and loss statement (P&L), statement of profit or loss, revenue declaration, statement of financial performance, earnings statement, statement of earnings, operating statement, or statement of operations) lists the company's income and outgoings for a given time period. It explains how the revenues, commonly referred to as the "top line," are converted into net income or net profit (the result after all revenues and expenses have accounted for). The income statement's goal is to demonstrate to managers and investors whether the business gained money (profit) or lost money during the reporting period.

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8 0
1 year ago
Bob picks up a sandwich from the cafeteria and pays the cashier $3.25. He ate half of it and did not want the rest. What is the
viva [34]

Answer: sunk cost

Explanation:

5 0
3 years ago
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