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Andrews [41]
3 years ago
5

Granite Company purchased a machine costing $128,000, terms 3/10, n/30. The machine was shipped FOB shipping point and freight c

harges were $2,800. The machine requires special mounting and wiring connections costing $10,800. When installing the machine, $2,300 in damages occurred. Compute the cost recorded for this machine assuming Granite paid within the discount period.
Business
1 answer:
Alborosie3 years ago
8 0

Answer:

machine enter the accounting at <em> 138,210 dollars</em>

Explanation:

cost: 128,000 x ( 1 - 3%) = 124,610

shipping cost:                      2,800

installation cost:              <u>   10,800   </u>

total incurred cost

to leave the machine

ready for use:             <em>    138,210</em>

<em />

<em>The damge are expenses for the period as they arent a necessary cost to utilize the machine.</em>

<em>The company used the discount price over the list price as this is the atual cost incurred</em>

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Stephanie, a recent college graduate in computer programming, is interested in several positions with global companies because s
iogann1982 [59]

Answer: (E) Independence, resourcefulness, and entrepreneurship

Explanation:

  According to the given question, the Stephanie is the student and she recently done his graduation in the computer programming subject   a she is interested in the various types global companies profiles.

So, working in the different countries exhibiting the independence, entrepreneurship and also the resourcefulness skills that helps in managing the good position in an organization.

The above mentions skills helps in providing the effective managerial skills and also resourceful mindset is one of the type of ability that helps in providing the good visualizing for achieving the desirable goals in an organization.  

 Therefore, Option (E) is correct answer.

6 0
3 years ago
Luther Corporation
ankoles [38]

Answer:

27.48%

Explanation:

Calculation for Luther's operating margin for the year ending December​ 31, 2005

Using this formula

Operating margin = Operating income / Sales

Let plug in the formula

Operating margin= 159.1/578.8

Operating margin=0.2748*100

Operating margin=27.48%

Therefore Luther's operating margin for the year ending December​ 31, 2005 is 27.48%

4 0
4 years ago
Uses of a commercial business plan​
Nana76 [90]
A business plan is typically produced to provide a clear roadmap to build a successful business or to secure funding to start said business. It is an essential resource for management or any potential investor, allowing them both to make informed decisions.
6 0
3 years ago
The interest rate will increase as a result of:
a_sh-v [17]

Answer:

a decrease in interest and increase in output

Explanation:

a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output a decrease in interest and increase in output

8 0
3 years ago
Court Inc. produces two types of products - Gizmos and Gadgets. The following information is available related to each product:
anyanavicka [17]

Answer: 1250

Explanation:

Let's go in stages,

Gizmos are sold for $80 and have a variable cost of $36. Subtracting that would give us $44. This is the Contribution margin of Gizmos.

Gadgets are sold for $50 and have a variable cost of $22. Subtracting that would give us $28. This is the Contribution margin of Gadgets.

The text says that 3/4 of goods sold are Gizmos with the rest being gadgets.

Let's account for that using their contribution margins.

This means that Gizmos contribute 3/4 from their CM which we'll calculate as,

= 3/4 * 44

= 33

Gadgets would be

= 1/4 * 28

= 7

The Weighted Average contribution margin for both goods in their selling proportion is therefore,

= 33 + 7

= $40

If they make $40 as the weighted average CM then to find the amount of units needed to break even with a fixed cost of $50,000 can be calculated by dividing the fixed costs by the Weighted Average CM which would be,

= 50,000/40

= 1250

They would need to sell 1250 total units in order to break even with a product mix of 3/4 Gizmos and 1/4 Gadgets.

Please do react or comment if you need any clarification. Thank you.

3 0
3 years ago
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