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irakobra [83]
3 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]3 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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On December 31, 2020, Bonita Industries has $5960000 of short-term notes payable due on February 14, 2021. On January 10, 2019,
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$2,420,000

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9. The demand curve is a representation of the relationship between the quantity of a product demanded and:
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You are the beneficiary of a life insurance policy. The insurance company informs you that you have two options for receiving th
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Answer:

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3 years ago
Stock Y has a beta of 1.30 and an expected return of 14.9 percent. Stock Z has a beta of .95 and an expected return of 12.8 perc
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The stock is fairly valued when the required rate of return on the stock is equal to its expected return. If the expected return on the stock is more than the required rate of return, the stock is undervalued and vice versa.

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