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USPshnik [31]
3 years ago
10

On March 1, Bartholomew Company purchased a new stamping machine with a list price of $83,000. The company paid cash for the mac

hine; therefore, it was allowed a 5% discount. Other costs associated with the machine were: transportation costs, $2,600; sales tax paid, $5,720; installation costs, $1,650; routine maintenance during the first month of operation, $2,500. What is the cost of the machine?
Business
1 answer:
Semenov [28]3 years ago
8 0

Answer:

$88,820

Explanation:

The computation of the cost of the machine is shown below:

= List price - discount allowed + transportation + sales tax paid + installation cost

where,

List price is $83,000

Discount allowed

= $83,000 × 5%

= $4,150

And, the other items would remain the same

So, the cost of the machine is

= $83,000 - $4,150 + $2,600 + $5,720 + $1,650

= $88,820

All other expenses should be ignored as it is not relevant

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The legal system affects corporate America in which of the following ways?
iren [92.7K]

Answer:

C. The legal system does not necessarily facilitate or stabilize commercial practice.

Explanation:

The government of the United States is a federal system in nature. It has a written system and a common law legal system. The "legal system" of American is based on the system of federalism or the decentralization system.

The legal system for America on the other hand is for interpreting and enforcing the law. Advance development in the political and legal system may increase the risk of the country. Thus the legal system of America does not facilitate or the stabilize any commercial practice in america.

8 0
3 years ago
Barriers to trade reduce the amount of output that can be supplied by foreign companies and, as a result, cause prices in the ma
oksano4ka [1.4K]

Barriers to trade reduce the amount of output that can be supplied by foreign companies and, as a result, cause prices in the market to be higher than they would otherwise be. This results in consumers buying less

<h3>What are barriers to trade?</h3>

Barriers to trade refers as certain hurdles which restrict an individual or organisation to practice trade activity effectively. These barriers can be regulatory barriers, physical barriers and so on.

These trade barriers are launched to support small-scale business and introducing jobs in the industries to prevent unemployment.

These trade barriers results in high prices in the market due to reduce amount output supplied by foreign companies. This will result in less buying behaviour by consumer.

Learn more about barriers to trade, here:

brainly.com/question/19109348

#SPJ1

7 0
2 years ago
If individuals forecast future prices by examining the rates of inflationof the present and recent past, they are using:
german

Answer:

a. adaptive expectations

Explanation:

When we say someone is using adaptive expectations, it means that they are using past events or experiences in order to predict future behaviors or trends. This methodology is commonly used to predict inflationary rates and how they affect the prices of assets in the future. Generally people will believe that past events will tend to repeat themselves in the future.

3 0
3 years ago
ABC stock has just closed at $70.50. A customer has an open order on the Specialist's book (DMM's book) to sell short 100 shares
Rudiy27

Answer:

A) Sell short 100 ABC at 69.45 Stop

Explanation:

When an order is placed below the market (OBLOSS - Open Buy Limits Open Sell Stops) it will be adjusted on the specialist's book for distributions on ex date. This open sell stop order = $70 - $0.55 (dividend) = $69.45

So the adjusted order will be: Sell short 100 ABC at 69.45 stop.

7 0
3 years ago
Suppose the equilibrium price of oranges is $0.79, but government takes steps to prevent the price from exceeding $0.60. The lik
labwork [276]

Answer:

. C. shortage of oranges as the price ceiling keeps the market from reaching equilibrium

Explanation:

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service.

The price ceiling is less than the equilibrium price. consumers would increase demand because the good is cheaper while producers would reduce supply as a result of the fall in price. As a result, demand would increase and supply would fall as pece is less than equilibrium price. These would lead to a shortage.

I hope my answer helps you

8 0
3 years ago
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