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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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In long-term monopolistic competition, the demand curve will be tangent to the average long-term cost and the price set at this level. The benefits will be equal to zero and therefore there will be no entry or exit of companies.

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This test that albert chong and his colleagues carried out was most relevant for evaluating the
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3 years ago
Please help me asap!!!
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6 0
3 years ago
What does daw mean? select one: a. dispense after waiver has been signed b. dispense as written c. drugs in adjudication this we
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3 0
2 years ago
Alfred owned a term life insurance policy at the time he was diagnosed with a terminal illness. After paying $18,300 in premiums
iVinArrow [24]

Answer:

$0

Explanation:

Alfred paid in premiums = $18,300

company paid Alfred = $125,000

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Company collected the face amount of the policy = $150,000

Sale of policy = [ company compensation - premium paid]

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3 years ago
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