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german
3 years ago
7

On March 1, Bartholomew Company purchased a new stamping machine with a list price of $77,000. The company paid cash for the mac

hine; therefore, it was allowed a 5% discount. Other costs associated with the machine were: transportation costs, $2,000; sales tax paid, $4,520; installation costs, $1,350; routine maintenance during the first month of operation, $1,900. What is the cost of the machine
Business
1 answer:
nikdorinn [45]3 years ago
8 0

Answer:

$81,020

Explanation:

The cost of the asset includes the cost of purchase less any given discount or tax returns and the addition of other cost incurred in making the asset available for use.

As such, the cost of the machine

= $77,000 - (5% * $77,000) + $2,000 + $4,520 + $1,350

= $81,020

The routine maintenance cost is not a part of the asset but an expense in p/l.

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mojhsa [17]

Answer:

The correct answer is letter "D": unit of account and store of value.

Explanation:

Bitcoin is the first decentralized digital currency. It is also referred to as a virtual currency or a crypto-currency. Bitcoins are held in a digital wallet and can be sent over the internet. Bitcoin transactions are authorized using a digital signature. The transactions are verified usually within minutes by a network of miners. Once verified, the transaction is permanently stored on a public ledger known as The BlockChain.

Three are the functions of money: <em>medium of exchange, store of value, </em>and <em>unit of account</em>. In order to boost its use, a few merchants have started to accept Bitcoin as a medium of exchange but it still is not considered a unit of account since most items in the real world are valued in monetary terms. Also, it is not considered a store of value because, unlike money, Bitcoin cannot be saved in bank accounts earning interest. Bitcoins must be sold (at profit) to provide the holder revenues.

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3 years ago
According to maslow, what is a need?<br><br> not what are the needs but what IS a need?
qaws [65]

Answer:

a need is something you need to live/survive its something you cant live without

Explanation:

7 0
3 years ago
Managers of every company should be willing and ready to modify their strategies because?
Keith_Richards [23]

Managers of every company should be willing and ready to modify their strategies because: a) market conditions and circumstances are changing over time or the current strategy is clearly failing.

<h3>Who is a manager?</h3>

A manager can be defined as an individual who has been trained to acquire and distribute resources, as well as provide guidance, support, administrative control, and supervision to the employees who are working in a business organization (company), especially by being morally upright, well behaved and promoting the business's vison, culture, and values at all times.

<h3>What is a marketing strategy?</h3>

Marketing strategy can be defined as a technique that is typically used by business firms to attract customers to their goods or service, especially by giving them a lower price during its initial operation and offering.

In conclusion, we can reasonably infer and logically deduce that managers of any company should be willing and ready to modify their strategies because market conditions and circumstances are dynamic, and as such changing over time or the current strategy is clearly failing.

Read more on marketing here: brainly.com/question/27534262

#SPJ1

Complete Question:

Managers of every company should be willing and ready to modify their strategies because

a) market conditions and circumstances are changing over time or the current strategy is clearly failing.

b) the task of crafting strategy is a one-time event.

c) the strategic vision necessitates periodic updating.

d) frequent changes in strategy make it very difficult for rivals to imitate.

e) all strategies are reactive.

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1 year ago
What is the effect of a​ $1 specific tax collected from producers on equilibrium price and quantity if demand is perfectly elast
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Remember that a perfectly elastic demand is a demand where any price increase would cause the quantity demanded to fall to zero, and reducing the price of a good or service will not increase sales.

Also, equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded. This is the point at which the demand and supply curves in the market intersect.

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Therefore, the answer to this question is:

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Answer:

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5 0
3 years ago
Currently, a monopolist’s profit-maximizing output is 600 units per week and it sells its output at a price of $40 per unit. The
natta225 [31]

Answer:

a. What are the firm's weekly economic profits?

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c. What is the firm's average total cost?

  • the firm's average total cost = total cost / total output = $6,000 / 600 units = $10 per unit

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