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ehidna [41]
3 years ago
12

On October 1, 20X4, Shaw Corp. purchased a machine for $126,000 that was placed in service on November 30, 20X4. Shaw incurred a

dditional costs for this machine, as follows: Shipping $ 3,000 Installation 4,000 Testing 5,000 In Shaw's December 31, 20X4 Balance Sheet, the machine's cost should be reported as:A. $126,000B. $129,000C. $133,000D. $138,000
Business
1 answer:
vichka [17]3 years ago
8 0

Answer:

option (D)  $138,000

Explanation:

Data provided in the question:

Purchasing  cost of the machine = $126,000

Additional costs for this machine :

Shipping = $3,000

Installation = $4,000

Testing = $5,000

Now,

The cost of machine that should be reported

= Purchasing cost + Additional costs incurred

= $126,000 + $3,000 + $4,000 + $5,000

= $138,000

Hence,

The correct answer is option (D)  $138,000

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Which of the following tools is an example of monetary policy?
loris [4]

Answer:

Explanation:

B C and D have become tools that have been tried.

Deficit spending is a budget/government policy. Its use should be very limited.

Same with Increased Government Spending. FDR was the master at controlled government spending.

Reducing income taxes is another government policy.

So only A is an example of monetary policy. This is a regulation imposed on the Banks by the Federal Reserve.

4 0
3 years ago
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Mocha Company earned net income of $ 105,000 during the year ended December ​31, 2018. On December ​15, Mocha declared the annua
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Answer:

The answer is given below;

Explanation:

Retained Earnings   (125,000*2%) Dr.$2,500

Dividend payable                                            Cr.$2,500

Retained Earnings  (62,000*.25)  Dr.$15,500

Dividend Payable                                         Cr.$15,500

5 0
3 years ago
Select the FALSE statement from below: A. The National Response Framework explains how, at all levels, the nation effectively ma
vlada-n [284]

Answer: The Statement A. is FALSE.

Explanation: The National Response Framework explains how, at all levels, the nation effectively manages the all-hazards response, is the FALSE statement.

The United States National Response Framework is essential to the National National Security Strategy, it helps to give all domestic response partners a response to disasters and emergencies.

7 0
3 years ago
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Select the correct answer.
Gre4nikov [31]

Answer:

Prices increase, C

Explanation:

Inflation is when the value of a dollar, or other currency type, drops. This happens most commonly when more money is being printed. The more there is, the less it is worth. This causes prices to increase.

Hope this helps

4 0
3 years ago
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Project A requires a $280,000 initial investment for new machinery with a five-year life and a salvage value of $30,000. The com
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Answer:

4 years

Explanation:

Payback period is the time in which a project returns back the initial investment in the form of net cash flow.

Initial Investment = $280,000

Net Income = $20,000

To calculate the net cash flows add bask the depreciation expense in Net income each year.

Depreciation = ($280,000 - $30,000) / 5 = $50,000

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Payback period = Initial Investment / yearly cash flow = $280,000 / $70,000 = 4 years

5 0
3 years ago
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