Answer:
Schrock record the $65,920 as the cost of the new van
Explanation:
The computation of cost of the new van is computed below:
= Purchase cost + sales tax + logo cost + safety testing cost
= $60,000 + $4,500 + $1,200 + $220
= $65,920
where,
Purchase cost is $60,000
Sales tax is $4,500
Logo cost is $1,200
Safety testing cost is $220
The van annual license is not included in the cost of new wan. Thus, it is not consider in the computation part.
Hence, Schrock record the $65,920 as the cost of the new van
Answer:C
Explanation:it has become an inferior good because people buy more of it when the have lower income.
Answer: B. Accounts payable.
Explanation:
I think your question isn't well written, I believe it should be "Which of the following is not a capital component when calculating the weighted average cost of capital (WACC) for use in capital budgeting"?
The capital component when calculating the weighted average cost of capital for use in capital budgeting include the long-term debt, retained earnings, common stock and the preferred stock.
It should be noted that the account isn't among the options as it does not provide flow of capital.
Answer and Explanation:
Since in the question it is mentioned that the account payable beginning balance is $250,000 and the ending balance of the account payable is $350,000 so here $100,000 different would rise the cash from operations
Therefore the same is to be considered as there is an increase in inflows of cash
So the difference would be rise the cash from operations
