1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
scoundrel [369]
3 years ago
9

On March 1, Wright Company purchased new equipment for $58,500 by paying cash. Other costs associated with the equipment were: t

ransportation costs, $2,700; sales tax paid $4,700; and installation cost, $4,200. At what amount will the equipment be recorded on a balance sheet
Business
1 answer:
OLga [1]3 years ago
7 0

Answer:

$70,100

Explanation:

The computation of the equipment recorded on a balance sheet is shown below:

= Purchase of new equipment + transportation cost + sales tax paid + installation cost

= $58,500 + $2,700 + $4,700 + $4,200

= $70,100

We simply added the above four items so that the recorded value of an equipment could come

You might be interested in
Sarasota Company sells on credits goods that cost $310,000 to Ricard Company for $409,500 on January 2, 2020. The sales price in
swat32

Answer and Explanation:

The journal entries are shown below:

Account Receivable $409,500

           To Sales Revenue $367,000

           To Unearned Service Revenue $42,500

(Being account receivable is recorded)

Cost of Goods Sold $310,000

           To Merchandised Inventory $310,000

(Being cost of goods sold is recorded)  

These two journal entries are to be recorded

7 0
3 years ago
Spencer Co.'s common stock is expected to have a dividend of $3 per share for each of the next 9 years, and it is estimated that
sweet-ann [11.9K]

Answer:

the maximum price the investor would be willing to pay for a share of Spencer Co. common stock today is $86.27

Explanation:

The computation of the maximum price the investor would be willing to pay for a share of Spencer Co. common stock today is shown below:

Expected dividend is

= $3 × 6.2469

= $18.7407

Now the market value is

= $135 × 0.5002

= $67.527

So, the maximum price is

= $18.7407 + $67.527

= $86.27

hence, the maximum price the investor would be willing to pay for a share of Spencer Co. common stock today is $86.27

5 0
2 years ago
Suppose your firm is considering investing in a project with the cash flows shown as follows, that the required rate of return o
alekssr [168]

The profitability index decision rule of the project equals 2.45 year and thus, the project should be accept to be embarked on.

<h3>What is a profitability index?</h3>

The rule refers to a decision-making exercise that helps to evaluate whether to proceed with a project based on its profitability.

Hence, because the profitability index decision rule of the project equals 2.45 year and thus, the project should be accept to be embarked on.

Read more about profitability index

<em>brainly.com/question/18089407</em>

#SPJ1

4 0
2 years ago
This card works like a short-term loan? <br> A. debit<br> B. credit
azamat
A loan is where you ask for money and then pay it back later.
This is like a credit card since you can buy things and then pay the credit card bill at the end of the month.
4 0
2 years ago
Read 2 more answers
What are the different types of economic measurements used to analyze most economies
Nata [24]

Answer:

The levels of poverty.

Exchange rate.

The productivity of laborers.

National debt/The total borrowings of the government.

Inequality in Income.

Real Disposable Income

The Misery Index.

Explanation:

The above are some of the distinct types of economic measurement methods that are employed to analyze the economic growth of a nation. The higher poverty level affects the economic growth negatively. Similarly, the exchange rate, the labor productivity, the amount of national debt, income inequality, etc. are the key factors that displays the economic health of a country. It helps show how well a nation has performed in a specific duration and where they are lagging behind in comparison to other nations.

7 0
3 years ago
Other questions:
  • To gain market share, when hyundai first entered the u.s. car market it did so with a comparatively low pricing strategy. one of
    14·1 answer
  • Because __________ often provide little benefit to consumers, governments have, at times, been asked to rebalance markets and re
    8·1 answer
  • Which of these products or services is likely to have an inelastic supply in the short run?
    13·1 answer
  • If you've been a victim of identity theft what should you do after contacting the company that reported the suspicious charge an
    7·1 answer
  • Jardine Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts
    14·1 answer
  • These are the last questions of my test PLEASE help i will give brainliest i need to get it done 10 minute!!!
    8·1 answer
  • Drag the tiles to the correct boxes to complete the pairs.
    13·1 answer
  • Ethical analysis precedes law when it is the basis for creation of a law.
    10·1 answer
  • A customer buys 17. 01 in gas and requests one five dollar [$5] lottery ticket, two one dollar [$1] lottery tickets, and one [$3
    5·1 answer
  • Can someone help me with this question?
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!