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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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Assume that the Uncovered Interest Parity (UIP) holds. If the rate of retum on a euro asset is 8 percent and the rate of return
maria [59]

Answer:

D. -4 percent.

Explanation:

Rate of return on Euro assets = 8%

Rate of return on Dollar assets = 4%

As per the Uncovered Interest Parity condition,

Expected rate of depreciation of the dollar

= Rate of return on Dollar assets - Rate of return on Euro assets

= 4% - 8%

= -4%

Therefore, The expected rate of dollar depreciation must be -4%.

3 0
3 years ago
List the inventions of charles Barbbage.​
Furkat [3]

Answer:

The invention of Charles Babbage are

  1. Analytical Engine

and

2. Difference Engine

hope it is helpful to you ☺️☺️

6 0
3 years ago
Describe the similarities and differences between TQM and Six Sigma quality-management techniques.
hoa [83]

Answer:

Explained below:

Explanation:

The basic similarity between TQM and Six Sigma quality-management techniques is that each one is a quality control approach and the basic difference between Six Sigma and TQM is the method that each one addresses quality check.TQM determines quality up to that level to which a product attends standards designed inside the company while Six Sigma trades the representation of quality to a relational one, maintaining that quality is based on the fewer number of lacks, which is necessary to be eliminated as much as attainable.

6 0
4 years ago
which of the businesses below uses a periodic inventory method? a grocery store a bookstore an auto parts store an art gallery
VladimirAG [237]

An art gallery can be a type of business that uses a periodic inventory method.

<h3>What is a periodic inventory method?</h3>

It corresponds to a system used by companies to control and evaluate their stock. In this periodic system, the inventory account would be closed only after an accounting period, such as 1 month or 1 year for example.

In the periodic inventory, the stock accounts would not be updated after each sale and purchase, and the company would be able to analyze and track its stock only after the end of the stipulated accounting period.

Therefore, an art gallery would probably be a company that would use the periodic inventory system because it offers works of art that are generally unique and do not have more than one piece in stock, and sell few units per month.

Find out more about periodic inventory on:

brainly.com/question/25887081

#SPJ1

3 0
1 year ago
Wheeler LLC purchased two assets during the current year (a full 12-month tax year). On November 16 Wheeler placed in service co
Leni [432]

Answer:

The maximum depreciation expense is $2,792

Explanation:

In order to calculate the maximum depreciation expense we would have to calculate the depreciation of service computer equipment and the service furniture as follows:

depreciation of service computer equipment=$15,500*5%

depreciation of service computer equipment=$775

depreciation of service furniture=$11,300*17.85%

depreciation of service furniture=$2,017

Therefore, maximum depreciation expense=depreciation of service computer equipment+depreciation of service furniture

maximum depreciation expense=$775+$2,017

maximum depreciation expense=$2,792

5 0
3 years ago
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