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maks197457 [2]
3 years ago
12

Granite Company purchased a machine costing $120,000, terms 1/10, n/30. The machine was shipped FOB shipping point and freight c

harges were $2,000. The machine requires special mounting and wiring connections costing $10,000. When installing the machine, $1,300 in damages occurred. Compute the cost recorded for this machine assuming Granite paid within the discount period:______
a) $118,800.
b) $129,800.
c) $120,100.
d) $132,100.
e) $130,800.
Business
1 answer:
Damm [24]3 years ago
3 0

Answer:

e) $130,800.

Explanation:

The computation of the cost of the machine after considering the discount period is presented below:

= Purchase Price × (1 - discount rate) + Freight Charges + cost of special mounting and wiring connections

= $120,000 × (1 - 0.01) + $2,000 + $10,000

= $120,000 × 0.99 + $2,000 + $10,000

= $118,800 + $2,000 + $10,000

= $130,800

The damages cost is revenue expenditure and the same is not taken in the computation part

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6 0
3 years ago
An economy is employing 2 units of capital, 5 units of raw materials, and 8 units of labour to produce its total output of 640 u
arlik [135]

Answer:

B) $.10.

Explanation:

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3 years ago
The Traffic Court of King James County operates between the hours of 9AM and 1PM. Each morning, roughly at 9AM, 200 defendants s
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7 0
3 years ago
Which of the following is true of water budgets?
zysi [14]

Answer:

B. In the winter, when water use is low, precipitation exceeds evapotranspiration

Explanation:

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7 0
3 years ago
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