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irakobra [83]
2 years ago
15

Blossom Company purchases a new delivery truck for $77,000. The sales taxes are $4,300. The logo of the company is painted on th

e side of the truck for $1,000. The truck’s annual license is $120. The truck undergoes safety testing for $300. What does Blossom record as the cost of the new truck?
Business
1 answer:
Ksivusya [100]2 years ago
8 0

Answer:

$82,600

Explanation:

Given that,

Cost of purchasing new delivery truck = $77,000

Sales taxes = $4,300

Cost of painting a logo = $1,000

Truck's annual license = $120

Cost of safety testing = $300

Cost of the new truck:

= Purchase Price + sales taxes + Logo painting cost + safety testing

= $77,000 + $4,300 + $1,000 + $300

= $82,600

Note: The truck license fee is excluded from the calculation of the cost of the new truck because it is paid on yearly basis.

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Using the following information, determine the location quotient for Motor City: employment in motor vehicle manufacturing withi
ValentinkaMS [17]

Answer:

15.7

Explanation:

In this question we have the following information

Employment in Motor Vehicle manufacturing within city = 12643

Total employment in motor city = 560379

Total individual employment = 152750

Total employment = 106201232

We get the location quotient as

(12643/560379)/152750/106201232

0.02256/0.001438

= 15.69

This is approximately

15.7

Therefore the location quotient = 15.7

7 0
3 years ago
Consider two perfectly negatively correlated risky securities A and B. A has an expected rate of return of 10% and a standard de
Studentka2010 [4]
I’m sorry for making it happen again but it’s not like that
7 0
3 years ago
"Find the amount of each payment to be made into a sinking fund which earns 7​% compounded quarterly and produces ​$50 comma 000
Elodia [21]

Answer:

Quarterly deposit= $3,182.78

Explanation:

Giving the following information:

A sinking fund earns 7​% compounded quarterly and produces ​$50,000 at the end of 3.5 years.

We need to find the quarterly deposit made at the end of each period.

<u>First, we need to calculate the quarterly interest rate:</u>

Interest rate= 0.07/4= 0.0175

To calculate the deposit, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= quarterly deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

n= 3.5*4= 14

FV= 50,000

i= 0.0175

A= (50,000*0.0175)/ [(1.0175^14)-1]= $3,182.78

3 0
3 years ago
If a plaintiff can show that he has been injured, but does not have a contract, he can sometimes still recover under certain the
olya-2409 [2.1K]

Option A and C

In quasi-contract cases, the defendant received a benefit from the plaintiff. In promissory estoppel cases, the defendant made a promise that the plaintiff relied on.

<h3><u>Explanation:</u></h3>

A quasi-contract is a retroactive system among two parties who own no prior commitments to one another. It is designed by an expert to change a situation in which one individual takes something at the value of the other. The plaintiff must have provided a substantial thing or service to the added party with the expectation or assumption that mortgage would be supplied.

Promissory estoppel is a concept in contract law that hinders a character from performing reverse on a commitment even if a legitimate contract does not endure.

4 0
3 years ago
Acme, Inc., incurs the following costs during May:
chubhunter [2.5K]

Answer:

Particulars                                            Amount

Raw material used                               $18,600

Add: Direct labor                                 $26,600

<u>Overhead costs</u>

Factory supplies                 $3,100

Plant depreciation              $6,800

Indirect labor                      $8,600

Utilities ($10,600*80%)       <u>$8,480</u>  

Total overhead cost                             <u>$26,980</u>

Total manufacturing costs                 <u>$72,180</u>

8 0
2 years ago
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